INSURING AGAINST AIR RAIDS

Evening Star, Issue 15882, 14 August 1915, Page 2

INSURING AGAINST AIR RAIDS

The description of enemy aircraft insurance as highly speculative ” has been chalby Mr Cuthbert Heaths of Lloyd’s on© of the largest writers of the risks’ who has described to a representative the lines on which the business has been appreached, Tho figures used include thoto of the area and rateable value of London, with an -estimat-c of the actual value of the biuldmgs and goods; au estimate of the number of Gorman airships in existence; an estimate based on the experience of the past ten months of the extreme amount of damage which might be expected to be caused at each raid and the assumption of a certain number ot raids. Ihen, having arrived at a certam value for the property, and the total amount c( damage that might be caused the expected percentage of loss is calculated, and on thin figure, after allowing a considerable margin for safety, the premiums are based. When the premiums nse above this level it is mainly because the market is not big enough. No allowance is made in the calculations for the vagaries of the British weather or for the defence organisation, both of which favor tho limitation of the damage.

One of o& Tommies, in d letter home talks about Germany’s “ tupeimy-ha’penny Crown Prince.” So apparently he isn’t even a Half-crown Prince 1 Many a man is full of original sin who never stole an apple an Iris life.