The Question of Payment of Insurance Claims: Underwriters' Liabilities London, Nov. 5.
The "Times" City correspondent, writing on the subject of the settlement of Japanese earthquake claims, says that British companies can only be interested observers of developments like the reported willingness of certain Japanese companies to pay 10 per cent, of the values which were insured against fire.
He declares that it is well understood that ea-gratia payments in connexion fire insurance are only justified when no large principle is involved. A liberal interpretation of their Tiabilities by underwriters conduces to the credit of' insurance, but any sort of payment respecting risks definitely excluded would imperil the sound methods on which fire insurance is conducted.
—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.