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On the Settlement of Losses by Fire under Specific and Average Policies, Separate and Combined

Published online by Cambridge University Press:  18 August 2016

David Christie Esq.
David Christie Esq.*
Affiliation:
Sun Fire Office
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Extract

A note of alarm has been sounded at the present mode of adjusting fire losses under average policies; and it will be well, though for other reasons, hereafter to be explained, than those to which it owes its origin, that it be not allowed to die away without some effort to gain additional vantage-ground towards the substitution of a comprehensive and reasonable scheme of apportionment for the mischievous and unsound practice which now exists.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 8 , Issue 3 , April 1859 , pp. 146 - 156
Copyright
Copyright © Institute and Faculty of Actuaries 1860

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References

pge 146 note * Vide Conditions of the “Royal Exchange” and the “Union.”

pge 152 note * See Assurance Magazine, page 3 of this Volume.