Faced with $10,000,000 in claims from Shanghai policy holders, U. S. and British insurance companies pointed last week to clauses in their policies providing no payment in case the loss or damage shall result from acts of war.
The Shanghai policy holders have been pointing out that neither Japan nor China has declared war upon the other. Therefore loss or damage sustained during the "Shanghai incident" was not due to acts of war. Mobilizing able lawyers, the policy holders announced last week that if necessary they will carry their suits against U....
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