Excerpt from Tenth Annual Report of the Insurance Commissioners of the Commonwealth of Massachusetts, January 1, 1865, Vol. 1: Marine and Fire InsuranceThe returns received by the Insurance Commissioners from Fire and Marine Insurance Companies doing business in this Commonwealth are from 106 companies chartered by it, and 78 companies chartered in other States or England. Of our own companies, 34...
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joint stock or specific cash capital plan; 13 have a capital of notes and are partly mutual, and 59 are purely mutual. These home companies have received during the year for premiums, in cash or notes payable in cash, about seven and a half millions of dollars, and have paid losses on their policies amounting to a little more than five and a half millions. The general business has shown about the usual ratio of loss to amount insured, and to premiums received, and losses have perhaps been more equally distributed among the companies in proportion to their means than usual.It may be interesting here to note the regularity, in the aggregate, of the ratio of loss to amount insured, of the fire business of all our companies. We have the means of giving conveniently only the last eight years.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.