Douglas Island news., 1920-07-02
RAIN INSURANCE
 LATEST FEATURE Rates Given and Insurance Written Against Damage of Business
 on Account of Rain

We have uo doubt Che rato would bo high. as tbo risk ls groat but the "puUua' Insurance would bo % rrcnt thing whom Fourth of July celebrations and shrine parados. base bau games and other Interesting events are scheduled for certain datcf Tho following arc tho de- tails of Che newest style Of insurance chat is being written:
 When Che insurance law for tho state of New York was 0rst written In Che statute books it was supposed to bo most complete and compro- honsiyo document lt covered a good many thmer. and iB sponsors be- l.cyci It covered all there was Co bc considered. But experience showed it did nothing Of Che sort Then thcro wcrc amendments. In thc form Of additions. and Che lIst of contIn-
 roncIos which could be insured against became longer than oycr and
 Che lawmakers sat back and Che in- mranco men nt back. satisfied thot oycry conceivable climatic disturb aucc had bccn provided for Tho law. In general seemed to be suf-
 GcIent and u Che possible acts of
 Providence specifically mentioned
 hcrc appeared Go be nothing lack-
 ng
 Section no Of Che dro insurance
 laws Of New York sot forth Chat In-
 umuco companies might write poi Iclos against frc. lightning wind. storm tornado. cyclone earthquake .hM. rost snow and other things . Tho list was long and apparently an. embracing But it wasn't lt omit. led rbc word rain. and thereby oc as'onaI trouble. for rain is oi tro .mcndous importance to many group. of individuals who may form them olives into associations or partner ships or corporations for tho purpose ] of doing things which win bc inter larcd with seriously if it rains
 Abroad it has bocn recognized foI |rmr chat rain was a thing to b' .rookonci with. and insurance poI . IcIos araIus, rain had become conn mon Lloyd's. London had capital ! izod Its appreciation by writing In ur1ucc policies against rain. to iu own great profit and to Che bench. |ofa great number Of people and in .uuuons Here there was approci .auon of thc. situation. and on occa ion thcro was Insurance issued |am.ust tho contingency Of rain. bu |thc ngucs for ranactIng th' business were complicated and labor |ous Before Che outbreak Of th' . World War. chat is before Che Euro .no1u countries became cmbro.led n August 19iA Loyd's did rather considerable volume Of business hor. |hut after England "wont in" Lloyd was entirely too busy with 1tho |thues notably marine insurance or |ho ships which Grcot Britain dc
 ncndcd upon ao greatly. Go pay mucl |attonuou Co Che possibilities Of rain lin Che United States
 Recently on Che initiative of ] flow nr-aIrbtod American insurauc. mon. a movement was started t amend thc Now York fire insurauc. flaw again by making yet anothc addition Go Che list of specific risks In what is known as Assembly Bu |LO53. Che words. Train woathc land climatic conditions" wcro addo' .to Che list. and when this bul finally passed both houses and was signc' |by Governor Smith. Che way wal
 opened for a now kind of bus.nos 'bcrc. and Che "Pluyius' policy cam. into bo.ng
 The "pmyus" policy insure against uin That s all li yol tako ont tha form Of insurance am, |It rains. you get Che bonodt Thor lis no "mool hazard" attached. Th policy provides against rain. and ! thc government weather bureau ny .it rainod on Che day specified. yo' collect or course. thoro are de erccs Of rain. and some policies cal