Fire-Rating as a Science (Paperback)

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1901 edition. Excerpt: ...to securing these estimates as rates, because being simply estimates of coexistent relations they would not in any sense be rates. Any agreement among the companies would necessarily have to be an agreement regarding established ratios of profit on these estimates of cost relations; and with information based upon actual statistics, it is questionable whether agreements would be necessary. It happens that in most of the states affected by anti-compact laws the aggregate business is made up of a small number of classes. On a rough estimate, leaving out farm risks, over nine-tenths of all the insurable property in Iowa, Kansas, Nebraska, North and South Dakota, and Illinois (outside of Chicago) consists of dwellings, mercantile risks, and grain. In Michigan, Wisconsin, and Minnesota, the same proportion would be found to consist in dwellings, mercantile risks, and lumber. In Texas, Arkansas, and many other southern states, dwellings, mercantile risks, cotton, and lumber. In Kentucky and Tennessee, dwellings, mercantile risks, tobacco, and whisky. In fact, in the entire western country, Ohio and Indiana, as manufacturing states, are probably the only ones which contain more than ten to fifteen per cent of insurable property outside of the classes named, and it might be said that throughout the Western and Southern states practically all insurable property would be embraced in about twenty classes. The publication of local tariff estimates of coexistent relations, embracing these classes alone, would establish for the first time a reliable basis of statistical information, and the announcement by a single prominent company to its agents of its minimum profit on a few important classes would practically establish a minimum rate for nine-tenths...

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Product Description

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1901 edition. Excerpt: ...to securing these estimates as rates, because being simply estimates of coexistent relations they would not in any sense be rates. Any agreement among the companies would necessarily have to be an agreement regarding established ratios of profit on these estimates of cost relations; and with information based upon actual statistics, it is questionable whether agreements would be necessary. It happens that in most of the states affected by anti-compact laws the aggregate business is made up of a small number of classes. On a rough estimate, leaving out farm risks, over nine-tenths of all the insurable property in Iowa, Kansas, Nebraska, North and South Dakota, and Illinois (outside of Chicago) consists of dwellings, mercantile risks, and grain. In Michigan, Wisconsin, and Minnesota, the same proportion would be found to consist in dwellings, mercantile risks, and lumber. In Texas, Arkansas, and many other southern states, dwellings, mercantile risks, cotton, and lumber. In Kentucky and Tennessee, dwellings, mercantile risks, tobacco, and whisky. In fact, in the entire western country, Ohio and Indiana, as manufacturing states, are probably the only ones which contain more than ten to fifteen per cent of insurable property outside of the classes named, and it might be said that throughout the Western and Southern states practically all insurable property would be embraced in about twenty classes. The publication of local tariff estimates of coexistent relations, embracing these classes alone, would establish for the first time a reliable basis of statistical information, and the announcement by a single prominent company to its agents of its minimum profit on a few important classes would practically establish a minimum rate for nine-tenths...

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Product Details

General

Imprint

Rarebooksclub.com

Country of origin

United States

Release date

May 2014

Availability

Supplier out of stock. If you add this item to your wish list we will let you know when it becomes available.

First published

May 2014

Authors

,

Dimensions

246 x 189 x 6mm (L x W x T)

Format

Paperback - Trade

Pages

108

ISBN-13

978-1-154-70588-1

Barcode

9781154705881

Categories

LSN

1-154-70588-9



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