February Fire Loss

February Fire Loss

Estimated fire losses in the United States in February were $33,175,000, an increase of $2,356,000, or eight per cent over the total for February, 1942, it was announced recently by the National Board of Fire Underwriters. The estimates are based upon incurred losses reported by members of the Board, plus an allowance for unreported and uninsured losses.

The February losses also represented an increase of $5,442,000, or twenty per cent over losses of $27,733,000 in January. For the first two months of this year the fire losses were estimated at $60,908,000, a decrease of $5,476,000 from the total for the first two months of 1942.

February Fire Loss

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February Fire Loss

Fire losses in the United States during February were $30,819,000, according to the estimate given out by the National Board of Fire Underwriters. These estimated losses, under fire insurance policies, are on an incurred basis, including an allowance for unreported and uninsured losses.

The total of 830,819,000 for fire losses in February shows a gain of $3,717,000, or eighteen per cent, over the total of $26,102,000 reported for the same month a year ago. However, it is $4,746,000, or thirteen per cent, less than the $35,565,000 reported for January of this year. For a full year now each month has brought greater losses by fire than the corresponding month of the year previous, the increases ranging from two per cent last November to forty per cent in October.