Leadership

Fire Losses in 1948 Set New Record

Issue 2 and Volume 102.

Fire Losses in 1948 Set New Record Fires destroyed property and resources with an estimated value of $711,114,000 in the United States during 1948, the greatest destruction by fire in a single year in the history of the nation, it is announced by W. E. Mallalieu, general manager of the National Board of Fire Underwriters. This record fire loss is 2.7 per cent higher than estimated losses of $692,635,000incurred during 1947, the previous record year. Fire destruction in December, 1948, was estimated at $69,397,000, an increase of 31 per cent over losses of $52,949,000 reported in November, 1948. and an increase of 1.5 per cent over losses of $68,361,000 reported in December. 1947. The record fire losses of 1648 climax several years of steady increases in the level of fire destruction. For example, losses in 1948 were 122 per cent higher than the 1942 figure of $314,849,000. lowest wartime year.…

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