Nation’s Fire Losses Pass $300,000,000 Mark

Nation's Fire Losses Pass $300,000,000 Mark

Fire losses in the United States during the first ten months of the year amounted to $300,872,000, an increase of $46,636,000 over the total for the first ten months of 1942, it was announced recently by W. E. Mallalieu, General Manager of the National Board of Fire Underwriters. The losses for the first ten months of 1943 were only slightly below the total of $314,849,000 reported for the entire year 1942.

Mr. Mallalieu said that estimated losses for October this year were $29,661,000, an increase of $7,040,000, or thirty-one per cent over those reported for October, 1942. These figures are based upon incurred losses reported by members of the National Board, plus an allowance for unreported and uninsured losses. The October losses were $3,173,000 or twelve per cent higher than losses of $26,488,000 reported in September.