JAPANESE DISASTER
THE INSURANCE CLAIMS. A THORNY, PROBLEM. Spocinl to Australian Press Association, TOKIO, November 5. The insurance problem is still unsettled. The Osaka companies have been holding out, but it is now reported that only one company stands in the way of settlement. In Tokio alone the losses on property covered by the general insurance policies are £200,01)0,000; but almost all these policies have reservation clauses against earthquake and fires following earthquake and such events, under the general heading of “acts of God.” The branches of 28 foreign companies have been instructed that their head offices cannot recognise contractual liability for damages, nor can they make any payment whatever apart from the terms of their policies. Public opinion, however, has risen so righ in favour of those insured that most of the Japanese companies have announced their willingness to make as much sacrifice as their funds will permit, provided that such a course will not endanger their business and the Government will assist them to continue operations.
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Otago Daily Times, Issue 19013, 8 November 1923, Page 7
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168JAPANESE DISASTER Otago Daily Times, Issue 19013, 8 November 1923, Page 7
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