July Fire Losses
The United States bill for fire destruction rose for the sixth month this year over last year with fire losses for the month of July estimated at $52,980,000, it was announced by W. E. Mallalieu., general manager of the National Board of Fire Underwriters This was an increase of 6.8 per cent over July, 1949.
“The steady rise in fire losses represents the destruction of property and national resources vitally needed for the defense and welfare of the nation,” Mr. Mallalieu said. “It emphasizes again the responsibility of every citizen and every organization to try to prevent fires that destroy life and waste the nation’s resources.”
The July total represents a seasonal decrease of 7.2 per cent from the June, 1950 figures. June’s fire losses were $57,116,000.
Losses for the first seven months of 1950 reached $420,097,000. an increase of $21,698,000 or 5.4 per cent over the fire destruction for the same period of 1949.
For the 12-month period ending July 31, 1950, losses were an estimated $738,826,000. This represented an increase of 9.7 per cent over losses of $672,078,000 reported for the 12 months ending July 31, 1949.
These reported losses under fire insurance policies include an allowance for uninsured and unreported losses.