New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-11-30
FOR STANDARD INSURANCE.
MEETING OF THE SCHEDULE COMMITTEE.
FIRE UNDERWRITERS DISCUSS PLANS FOR UNI
FORM RATES on RIsKs-wH,T CoNsTI'

FIRE UNDERWRITERS DISCUSS PLANS FOR UNI
| FORM RATES on MsKs-wH>T CONSTR
TrTEs 4 STANDARD BUILDING.
An important meeting OF the original schedu'e oo''
ee aud the committees Of the leading fire Insurance
companies Of the country held YESTERDAY j" t'o
| tuildng q the Mutual Life Insurance Company Inc
| original schedule company has been wear p'e'
pairing Il Insurance schedule and IL IS inns '"a.
| III. insnranc. considering The meeting VIII
| last for several days. The meeting WAS "uJo"r"e'
| from one held at Hartford last July. F. C. MOORE
prcs ,cnt Of tie Continental Fire Insurance company
| and chairman Of the ongina schedule committee
| presided at III. meeting yesterday. The other men,
bers Of the schedule committee present were James
A. Silvey, II the German American Company "eorsc
" Dabb. IT,, Of he Northern Assurance company
and f. g. Richards. OF The National Insurance 'o"'
parry TIE members OF the conrerlting committees
Tres cnt were as follows New England Insurance EX-
craugo-W. II. Gray. Of the John &. Paige Agency OF
ros,or and T.. C. COSBY. Phenx Insurance COM
many OF Br,Oklvn. tndcrwritcr,' AS Ocafol OF New
| Yorl STATIC ". Palmer. Franklin Insurance Com
pany Of Philadelphia. rnderwritcrs Association u
Middle Department.. b. 'Krcmer. Liverpool ana
| ondon md Globe Insurance Company and John j.
PsbcOck springfield Fire and Marine Insurance TOM
| pany. ouheastern Tarir observation-disclosures r.
Law Liverpool and London and Globe Company.
national Board q Fire tnderwters-E. +. Beddall,
Royal Insurance Company; {. {. Lite, PhcnN IN
,urauce Company Of New. York, West Pollock, Niagara
| Insurance Company F. ". Arnold, Equitable Fire and
Marine Insurance Company Of Providence and Charles
| F. Chase Hartford Fire Insurance Company. New
| York Board OF Fire UnderwriirrsII. F.. Bowers
| Guardian Fire and Life Assurance Company VI. j.
briggs Williamsburg City Fire Insurance Company
| f.. btcifrh. Lancashire Insurance Company. ana W.
| ~. CrOl,us. Of The American Insurance Company
Moses r. Emerson pre- idcn o. the New England In
surancc Exchange. and +. o. Afcd. Of the IIamnirs
Erem,n Insurance Company. were also present
The pan on which ia" committee has framed iis
proposed schedule has been 10 secure rate on which
the fire cost OF the past five years per 800 OF
Insurance wond result in percentage Of not exceeding
- per cent the premium. This, tho committee
believe would leave above an allowance ior expenses.
n margin for Moderate profit md also an accumn-
atIon fr periodical and inevitable sweeping fires
In presenting it, report the committee says IN part
THE mites have been graded 10 admit Of liberal
concessions for effective fire appliances; In the case
81 casks and pals FIR example percentage has been
allowed which will secure their general Introduction
Experience jus'ncs this. In mills. class Of risks
where they are generally provided. over sixty per
90, Of - total M nj cr o. Gr have been "NnGhsh,1
by their use due o, course. TO the fact that the
most ignorant employc knows how TO npply them
40 FIRE ever started which could not. al one stage
have been cNtlucni>h,d by n cupfu II water"
The committee admits tina; The requirements for
standard building, set forth In III" ech'1luc are I'M
usually light. nnl that there are few buildings which
fulfil them. II /, maintained however. that the
way +, secure buildings confirming 10 these require
mcnrs (. TO ln,i-; on deal construction. The mem
bcr, ~ the committee claim that the schedule Is the
result nj only II experience. but Of advice ana
suggestions received from huudrds OF expert under
writers throughout tic country. and mat IL IS
correct schedule. They therefore urge that all risks
ne rated Nv II, and that afterwar any percentage
additions be made - the result wi Itch may b. thought
tl,
which they can De printed IN tariff form for 'ne "''
ard convenience u local agents
Tie committee makes The tas!+ rate i'f s''"u"a1
building In n .'andard Ciy - cents pr g."
q, v,lnaiion and defines standard CIV IS i'""'
CO., .,andard dtv + Oh" having gravity wafer
-, uih head sufficient at all hours To throw
,or I've. story bindings. The main supply pipe 10
l I'm duplicate unless intermediate storage reservoir
ie urnyldcd Water pipes ard mains 70 be- hot ie''
than six inches ia diameter In dwelling sec'on ana
not loss than eight inches (as minimum ~ meT
camille section they cugh, 10 De- ten and twelve
lnchc,l: paid IRE department, twelve men I" each
..,n.r not loss than two steam fire engines 20 each
souor mile Of compact portion. ~ ole 10 each lOooO
population mp 20 100000 population hook ara ladder
frlch one t. every fDrr steamers; fire alarm tcl"
graph: efficient polce paved. macadamncd or other
hard streets the majority Of which 80 per rent
arr seventy feet more I'm width: good building
law. we'll enforced; no outlying exposures sach a.
lumber Districts etc. 10 Gauss sweeping fires; no
unjust mnnidpll sud STATE taxation laws and n
urevl0us fire record OF not exceeding - IRE
los 20 each ~ 900 81 insurance or value per annrn
\ standard building they define rs one having walls
u biick or stone. brick preferred, "ot los than
twelve inches thick top story lslxtccn inches oi
stoncl extending through aud thIrtysly inches abOy"
IN" roof IN pnrap.i and c0ped, a:d Increasing f0ns
inches In thickness below the ground
the Increased thickness OF each story "a be utilized FOR
beam and grdcr lodges The ground moor Is
not % De- $50 square feet height not four
stories or ATTY feet floors " two inch plank covered
bv srv"r-rlghis inch flooring crossing dlaeo
nally with waterproof paper ~ approved hrereSis,ng
material between. Wooden beams ard glrdcrS and
wooden story posts or pillars twelve inches ,quarr or
protected iron columns. Elevators. s,airways. etc.
:, he cut of hy bhck walls or prster on metallic
stud, and lathIng. The communications with stair
each floor To b. protected with approved 'ln-
covered doors and hrcproJf sis. Window, ana doors
10 be- projected exposed sides 10y approved tin
covered doors and shutters. Wall oi nu', not l,,s
than eight Inches Ia thickness. 20 be- lined with fire
BRICK wrlburnod clay east Iron. aud throni rln,-
dfy not less than sixty four square Inches steam
boilers are used all nOor tnberS Ia be- Trimmed at
least four Inches from outside ~ iur, heated by
steam: light ID by gas cornlccs of brick metal terra
Gotta other incOubustiblc material. roof covered
with metal ~ tile. II partitions hollow walls
furrrd on there must De or other fire stops
at each floor
This viii make standard building The question
81 the basis rate for Standard building In "a standard
city Is the KEY note OF the whole scheme and the
morning session was consumed In a discussion Of H.
TIL" basis rate ~ 25 cent per 800 of vain, WIS
generally accepted as being good. but there much
discussion over IN" proper method Of arriving az IT,
THIS was mad" spe' al order for DAYS session
This Is the first attempt made la this country
70 secure IN" adoption o. universal schedule by the
Insurance companies.