The Coast Review, Vol. 42 : November, 1891 (Classic Reprint)
Excerpt from The Coast Review, Vol. 42: November, 1891 The sprinkler companies were forced to turn to the mutuals for help and encouragement, and this system of protection was extensively introduced into manufacturing risks insured by them. It came to be generally understood that if a risk was protected by automatic sprinklers it would go into the mutuals, and our agents would receive an inquiry from the assured on this subject with a cold shiver, and we, if ques tioned, were obliged to say no information could be given. It seems strange, but is nevertheless true, and he came a positive feature of protection for more than eight years, while stock underwriters re mained densely ignorant on the subject. We were forced by the constant and increasing loss of business to study into and determine the cause of'this transfer. The New England Insurance Exchange, through'the factory improvement committee, took up the question of automatic sprinkler protection. The study and attention given to the question has resulted in bringing stock companies, their agents and representatives, in direct personal contact with the manufact urers, and I can say that our conditions for equipment are more thorough, sensible and practical, andour risks better protected than the average of mutual plants. The underwrit ing of this class of improved property by our companies brought sharply to' their attention the question of mutual inspection, for aside from the question of expense and uncertainty, they found that the assured would not submit to individual inspection by each company in tere'sted. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This 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.
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