Leadership

Philadelphia Seeks New Rating

Issue 6 and Volume 106.

Philadelphia Seeks New Rating A move was started in May to enlist business and civic support in a drive for lower fire insurance rates on more than 500,000 Philadelphia properties, and a higher safety rating for the city. In 1949 the National Board of Fire Underwriters down-graded the city from Class 2 to Class 4, largely because of inadequacies in the Fire Bureau. In recent vears the city has spent more than $10,- 500.000 to put into effect 58 of 60 recommendations made four years ago by insurance experts, and it now deserves a higher rating, according to City Managing Director, Robert K. Sawyer.

Subscribe to unlock this content

Subscribe Now