FIRE INSURANCES.
Evening Post, Volume XLIV, Issue 68, 17 September 1892, Page 1
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FIRE INSURANCES.
Particulars have come to hand by ;he last San Francisco Mail regard- i ng the destructive fire which occurred it St. John's (Newfoundland) on Jth July laßt, which destroyed two nillion pounds worth of property, md rendered thousands of people lomeless. The Coast Review (San Francisco), for August, reports the following Insurances : — Phoenix, £150,000 ; Queen, £110,000 ; Royal, £100,000 ; London wd Lancashire, £100,000; Liverpool, London and Globe, £75,000; [mperial, £50,000; North British md Mercantile, £47,000 ; Guarlian, £40,000 ; Commercial Union, 640,000; Northern £40,000; Sun, £30,000; General, £24,000; Atlas, £20,000; Manchester, £14,000; Lion, £10,000; London Assurance, £10,000; Norwich Union, £9,000 ; City of London, £7,400; Phoenix of Hart:ord, £7,000 ; Lancashire, £5,600. Uotal, £889,000. The following were the losses of ;he companies in the great fire at 3t. John's (New Brunswick) in 1877: North British and Mercantile, £172,000; Queen, £144,400 Imperial, £1 1 0,000; Northern, £100,000; Royal, £99,400 ; Liverpool, London md Globe, £92,800 "; Guardian, £85,000 ; Lancashire, £84,000 ; Commercial Union, £76,000 ; Eoyal Canadian, £68,000 ; Stodacona (Quebec) £66,000 ; ißtna, £48,000 ; Citizens' Montreal, £40,000; Hartford, £27,400. Total, £1,213,000. The above figures Bhould be interesting to advocates of Municipal Fire Insurance in a wooden town like Wellington, showing what may happen in a single night ; also the unfortunate position in which it would place the property - holders should a similar disaster occur.
