FOREIGN TRADE: The Insurance Mystery

U.S. exporters and their foreign customers are mystified by the discrepancy between U.S. and British marine war-risk insurance rates. Last week War Shipping Administration was still charging rates almost double those charged by the British War Risks Insurance Office for exactly the same services. Some comparative rates from U.S. Atlantic ports:

> To Brazil and the River Plate: WSA 15%, British 6%.

> To South Africa: WSA 17½%, British 7½

> To India: WSA 17½%, British 12½%.

> To South America, West Coast: WSA 12½%, British 6%.

The only reason that London has not captured the entire world insurance market lies in its insistence that...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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