May Fire Loss

May Fire Loss

Fire losses in the United States during May were $29,297,000, according to the estimate given out by the National Board of Fire Underwriters. These estimated losses, under fire policies, are on an incurred basis, including an allowance for unreported and uninsured losses.

The loss in May was 14 per cent less than in April and 26 per cent more than in May, 1942. The losses for the first five months were nearly $11,000,000 more than for the corresponding period in 1942.

May Fire Loss

May Fire Loss

Fire losses in the United States during May were $23,233,000, 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 May losses show a sharp drop from those in May last year, the total of $23,233,000 comparing with $25,637,000, a decline of $2,404,000 or nine per cent. Despite the decline in each of the last three months, the aggregate for the year is still greater than that for the first five months of 1941 because of the heavy losses in January and February, the total of $148,082,000 being seven per cent greater than the $139,010,000 reported for the same period last year.

Losses in May were very much lower than those in April of this year, the decline amounting to $4,727,000, or seventeen per cent.