Fire Losses in Newark, N. J.

Fire Losses in Newark, N. J.

The profits of the fire insurance companies on their 1911 business in Newark, N. J., were not large, as is shown by the report to the National Board of Fire Underwriters made by Superintendent Henry S. Martin, of the Newark Salvage Corps. Figures in this report indicate that the insurance loss for the year was nearly half as large as the total premiums collected on the year’s business all expenses for conducting business thus coming from the other half. The total insurance loss was $803,406.64, while the total amount of premiums collected by the companies making up the membership of the board was $1,698,135.37. Of the insurance loss $202,809.38 was on buildings and 600,597.26 on contents. The total loss, insured and uninsured, was $859,555.87. of which $225,273.82 was on buildings and $634,282.05 was on contents. The number of alarms of fire during 1911, the report states, was 1,055. of which 99 were false, the entire number of fires during the year being 956. Of these 320 were in brick or stone buildings, while 472 were in wooden buildings and the remainder of 164 were other than building fires. Fires that extended to other buildings than those in which they originated numbered 41. 11 spreading still further and 904 being confined to the building on which they started. Five hundred and ninety fires were confined to the floors on which they originated. The present year started off with a much larger insurance loss during its first two months than the average maintained during 1911. In January and February there was an insurance loss of $400,537.08, or practically half the amount of the total loss during the year 1911. This year also started with a record number of alarms, there being 159 in January and 142 in Februarv. The number of alarms in these two months, 301, was thus over one-third that of the entire preceding year.

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