Fire Losses Up 5.8 Per cent over 1959
Estimated fire losses in the United States last year rose to $1,107,824,000, the highest dollar amount of loss in the nation’s history, the National Board of Fire Underwriters reported.
The 1960 total was 5.8 per cent above the $1,047,073,000 for 1959, and 4.9 per cent higher than the $1,056,266,000 for 1958. It was the fourth year in a row that fire losses exceeded the billion dollar mark.
For the month of December 1960, fire losses totaled $101,903,000, an increase of 20.8 per cent over the $84,340,000 for November 1960, and an increase of 5.7 per cent over the $96,444,000 for December 1959.
The National Board fire losses are based on monthly reports from member companies. These reported losses arc adjusted to reflect the uninsured and unreported losses.