The Archive · 1938

Japan Raises War Risk Insurance Rates

Marine Reinsurance Pool To Be Formed Tokyo, Sept. 17.

Importance is attached here to the decision of the Japanese marine insurance companies {o organize a reinsurance pool for the handling of wer risks on European shipping routes. Such war risk was increased yesterday.

An increase in war risk rates was announced by the Federation of Japanese Marine insurance Cor-panies today.

Rates on cargo carried by British, German, French and Italian ships from Japan to European harbours end Mediterranean ports, to the west of Aden, have been fixed at 2 per tead of.125 per cent. on cargo from those points to Japan have been fixed at 1 per cent, instead of 125 per cent—Reuter,

Text read from the printed page and cleaned; old type leaves the occasional error.

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