INSURANCE: Jesse Sets the Odds

Jesse Jones sent all the fire-insurance agents swarming out over the country last week to sell (at little if any profit to themselves) war-damage policies for a new billion-dollar corporation of his. The days of free Government war-damage insurance end July 1.

Rates will run up to half as high as fire insurance, about one-twelfth as high as war-damage insurance in much-bombed England. Presumably, therefore, Jesse thinks the likelihood of bombing in this country is about one-twelfth as strong as the likelihood of bombing in Britain. Either that or the Government is about to make a cleanup in insurance.

If Kansas homeowners...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!