THE SAN FRANCISCO DISASTER.
SOLVENCY OF THE INSURANCE COMPANIES. United Press Association—By Electric Telegraph—Copyright. NEW YORK, May 16. Mr Dawson, actuary for the Armstrong Insurance Investigation Committee, startled the House of Representatives Committee on Judicial Affairs by declaring that no fire insurance company in America knows whether,it will bo-solvent or not when it lias paid up its San Francisco Josses. He blames tho laws requiring the companies to hold a reserve fund of 50 per cent, of their capital, whereas the British reserve is only 30 per cent., thus allowing the British companies a larger capital to meet losses and live through the resultant strain.
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Press, Volume LXII, Issue 12505, 18 May 1906, Page 5
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105THE SAN FRANCISCO DISASTER. Press, Volume LXII, Issue 12505, 18 May 1906, Page 5
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