A Georgia City Gets Lower Insurance Rates.
Owing to recent betterments in the fire protection of Albany, Ga., the re-rating of many of its mercantile risks have been greatly reduced; others have obtained smaller reductions; and only in a few cases have the rates been increased. The rates on dwellings remain unaffected. The first thing the companies did was to make a ten-point reduction from the basis rate for mercantile risks in second-class cities, as was promised when the Gamewell fire-alarm system was installed in the city. The type, conditions and surroundings of the various buildings, of course, controled the rates, as well as the kind of business carried on by the insured. The large ice plant of the Albany Artesian Ice company for instance had its rates reduced forty to fifty points—the average throughout the city being about ten, and, with the basis-rate reduced ten points, the city now enjoys all the benefits promised upon the installation of the new Gamewell fire-alarm telegraph system. Other cities similarly conditioned should sit up and take notice.