Leadership

February Fire Losses

Issue 5 and Volume 116.

February Fire Losses Estimated dollar losses caused by fires in the United States during February totaled $126,528,000, the National Board of Fire Underwriters reported. This $126,528,000 loss represents an increase of 9.2 per cent over losses of $115,860,000 for February 1962, and is 10.9 per cent under losses of $141,996,000 in January 1963, according to Lewis A. Vincent, NBFU’s general manager. Dollar losses for the first two months of 1963 now total $268,524,000, an increase of 7.7 per cent from the first two months of 1962, when they amounted to $249,335,000. “While the dollar loss in fires in recent years has been showing an increase, the rise in part is a reflection of the expansion of the economy and the rising cost in materials, goods and services,” Mr. Vincent pointed out. These losses include an allowance for uninsured and unreported losses.

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