The financial editor of The Times (London) commented upon a recent decision of British insurance companies respecting Japan:
"We are able to announce a decision of an unprecedented character on the part of the British fire insurance companies in respect to the damage caused by the great earthquake in Japan of Sept. 1.
"The companies which definitely excluded from their policies in most precise terms all risk of loss or damage by earthquake have not seen their way to pay any claims in respect of risk which was so clearly excepted. The wording of the...
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