Monthly Bulletin Volume 11-12

Monthly Bulletin Volume 11-12

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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. 1919 edition. Excerpt: ...system of Marine Insurance for many years in this country. The resolution referred this legislation to the Committee on Insurance for its consideration with full power to take' such steps as it might deem necessary, with the advice of the Executive Committee. In accordance with these instructions from the Chamber to act, and with the approval of the Executive Committee, your Committee on Insurance telegraphed to the appropriate officials at Albany under date of April 6th, opposing the bills referred to. The telegram was as follows: "The Committee on Insurance of the Chamber of Commerce of the State of New York is opposed to all bills before the New York State Legislature to regulate marine insurance. It believes that the conditions surrounding marine insurance differ from those pertaining to fire, an important difference being that fire insurance is local and marine international. The New York Chamber has' already expressed itself strongly upon the necessity of maintaining our position in foreign trade and of creating a permanent American merchant marine, and the attainment of these ends demands the free play of economic laws and competition in marine insurance, which is an important factor in these enterprises. At the monthly meeting last Thursday, the Chamber adopted a report pointing out the futility of certain State Government regulations in cases where economic boundaries and State boundaries are not coterminous. The same conditions apply to the marine insurance field, and it cannot be advantageously controlled by a single State or Nation acting alone. The enactment of laws regulating marine underwriting would result in driving from the State of New York to other quarters an important amount of marine insurance handicapping more

Product details

  • Paperback | 506 pages
  • 189 x 246 x 26mm | 894g
  • United States
  • English
  • black & white illustrations
  • 123681536X
  • 9781236815361