Warehouse Fire Losses High
According to J. W. T. Babcock, Factory Insurance Association of Chicago, warehouses are currently sustaining the largest average loss per fire in any class of industry.
Mr. Babcock also said “the fact that warehouse space is scarce in practically every part of the country not only makes these warehouse fire losses important from the dollar values and the loss of the storage space, but contributes further to the mounting loss record forcing concerns to use undesirable and unsafe warehousing space.”
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