THE INSURANCES.

Dominion, Volume 1, Issue 116, 8 February 1908, Page 6

THE INSURANCES.

, A. TOTAL .OF; OVER £200,000,' As mayy-bo/well 'imagined;,, theyretresent'atives of the-.Various. Insurance companies were kept bnsy ito-ijay attemptyig .to ascortain the .amount of '.lbss'-tbat i their'"respective comsustained.'. ,;This. was by, no .means an. .easy matt<ii\ : to, 'arrive; at;...as' in'"niost| instances re-ihsuraiices (have, been ■ 'effected.rßelow is given .the'total amount, of the insurances.' ' They represent 'the amount-that •each company, will 110 called upon .to pay, or the value, up to which they may be 1 called .upon to reinstate the damage done. In somo :cases the 'figures- represent' a greater loss than _tho amount of coror.: in others the opposite 1 state of affairs.. It - will be;' seen -'that tho total (including t-ho risk ; held by Lloyds, London, of £34,000, on the .D.1.C.) is over £200,000. Tho 'relation this . total bears to tho actual loss is of course almost • 'impossible at present even to,-'guess' at.: The following'aro the amounts of insurances (reerred to above)-as far as is known :— Lloyds (Lend-on) ....£34,000 Royal Insurance Co. ... ■ ... 30,000' Alliance Assurance Co; v.. ; 23,000' Yorkshire Firo end Life ant! Acci- ' dent and Life ... ... . -...13,250 :Royal'<Exohange Assurance Co. ... 12,560 New Zealand Insurance Co. ... 10,200 London ant! Lancashire Fire Insur- , ancq. Co. "... ■ ;.; 10,000 Liverpool and London and Ciobe ln- •' surance .. 9,500 ■Northern ;Assurance Co. 9,000 Victoria; insuranoo Co. ... , 8,000) North. British and Mercantile Insure , ancp Co. . ... ' ... ; - 7,000 Commercial Union Assurance--Co. ;..f-7,000 South.; British Fire and Marine Insur" :. - :; anc?';V.'Co,;-.r'.... ■ 7,000 Sun Fire, Office ... " ... ' ' 7iooo Cuardiah, Assiir'anc'o Y„ ;.,;i . 5,500; New»Zcaiand'Covornnient State Fire' V / . ' ' ; Insurance -Office;, .:. ajTOO Af!as Aiisurancc ; ,Go, ... ... 4,500' Standard-Fire, and Marino insurance,,, V , 1 .Go.-..... • -. ... \.. 4;5oo National iFiro, and.Marina Insurance ' ' ; ' »... ... ■ : .... 4,200- ' North Qucciisland: Insurance Co. ... -, 3/500 . Australian 'Alliance Assurance Co. ... \ 3,000 ' Unibd ;Insurance C 0..... ... '2,300 Phooiiix Assuranco, Co. ... ... 750 Total ... ... £229,400It is generally understood in insurance cireles that;- of .the .fire wilh-be practically'a total loss-to the companies. Out of.' : the.above'total £30,600 is-held by New Zea-, land Companies and 'the: State Fire Department, but, of course,.-there niay lie reinsurwill alter this proportion. > At the same timej it is apparent tha£ the English and .Australian insurance icompanies' have had to. bo relied oli-for £199,000 of the' grand, total; ■ which, gives some evidence of the oxtent to which New Zealanders aro still* compelled to rely on English ofQces for irisuranco cover.'<_> • \ Of course,; it is impossible for iusifrahce institutions to make up an absolutely reliable 'statement of the amount' of Wver held by the'individual firms affected by the: fire, but the following figures may be taken as ; fairly'reliable: : ' ■' * ' . ■ -i '- Ashby Bergh, and Co.; Ltd., building and contents ... ... ... '29,000 D.1.e., building and contents ... 81,500 Robert Malcolm and Co., building . and contents ... '.. ... .14,080 Strange and Co.,' Ltd., building ... 6,000 White. Hart Hotel, building and con- ~ ' tents ... ... 15,700 White Hart Warehouse ... ~... 1,000 F. W. Tucker, stock ... ... 3,000 .Wardell and Co. ... ... 10,000 H. H. Clifford ... ... ' ...' 1j750 P. Hay man and Co. ... ... ... 2,000 D. Benjamin, building ... ... 3,350 D. Benjamin, contents ... ~ ... ' 8,500 Ciii 8r05.,-buiiding ... ... ... 2,250 W. A. Tribe and Co., building 750 W. A v Tribe and Co., consents , 1,450 Hulbert siaymaker and Co. building 2,500 Huibert Slaymaker and Co., contents 3,100 Freeman's, Ltd,., building .... ... 7,000 Freeman'.s,; Ltd., contents... ■ ....,■ .3,000 1 , Beath and Co., buildings and contents 28,025 Bank of Australasia ... 10,000 These;, are the.,.main items, , bnt. there, aro other insurances, that have not yet been ad- ; justed. . ._. ■ -, : The,need for providing for the safe custody of valuablo papers, documents, etc., has been . -amply demonstrated,'.by, tho, losses sustained by recent great' fires within , the Dominion. Chubb's : .Safcs . 'liavo' -proved their fire-- ' • resisting' qualities', miderrtbb' severest .tests. Messrs. Ganlter, 'Dykes,, and'.Cp,, 'of Featfier- ■ ston Street;... Wellington, .are the 'New Zea. lawLmaniims. for : Chubb's,—(AdvtJ^