Effects of the fire linger.The Great San Francisco Earthquake San Francisco earthquake disaster claiming many lives and most of city (1906). [Am. Hist.: Jameson, 443–444] See : Disaster and Fire of 1906 was still making headlines in January 1907. Best's Review (property/casualty edition) featured information on its upcoming San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden Loss Report. The report, in pamphlet form, included losses and settlements. Although 108 insurance companies were licensed to write fire insurance in California as of April 18, 1906, approximately 240 insurance companies had ties to the fire. These numbers excluded foreign companies involved via reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. companies operating in the area. Some insurance companies affected by the fire included one that wrote nothing but breweries; another that wrote only church buildings; another, ice factories, and one that wrote railroad properties. The estimated net loss for companies and associations with operations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. was $180 million, which showed previous approximations by A.M. Best Co. to be very close to the final numbers. |
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