TRANSPORTATION: Policy

Against fire, flood and floating ice; against rain, wind, tidal waves and meteorites; against explosions, collisions, sabotage, strikes, war, anarchy, Acts of God and complete collapse, the Port of New York Authority last week insured its vehicular tunnel under the Hudson River and its nearly completed bridge over the same stream. The $55,000,000 policy, the largest of its kind ever taken out in New York State, was split among 30 companies. As unusual as the size was the rate: 16¢ per $100. On most transportational structures, premiums range between 70¢ and...

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