1957 Fire Losses Up 3.4 Per Cent
Fire damaged or destroyed an estimated $1,023,190,000 worth of property in the United States last year, the National Hoard of Fire Underwriters has reported. This is 3.4 per cent more than that for 1956, when estimated monthly losses totaled $989,290,000.
According to Lewis A. Vincent, NBFU’s general manager, estimated losses for December 1957 totaled $91,519,000, an increase of 21.5 per cent over losses of $75,321,000, reported for November 1957 and a decrease of 5.1 per cent from losses of $96,485,000 reported for December 1956.
These estimated insured losses include an allowance for uninsured and unreported losses.