FIRE INSURANCE RATES AND THE NATIONAL BOARD.

FIRE INSURANCE RATES AND THE NATIONAL BOARD.

A member of the National Board of Fire Underwriters thus defines the position of that board as to fire insurance rates: “The National Board has at present nothing to do with the rates of fire insurance. If you have seen any of our fire department reports or the reports of the committee of twenty, you will have been convinced that the board stands, however, for the best method in reference to all questions of water supply. We can say further, as a matter of principle, that all underwriting rate-making associations do take into consideration the efficiency of the water supply service in making rates. As to the extent of the recognition in any particular case, we should have to leave that to the association, which fixes the rates in the interest of companies.”

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