Jesse Jones's war-damage insurance corporation last week did a land-office business. Early estimates of $25 billion coverage were quickly upped; guesstimators in the insurance field jumped their guess to nearly $75 billion. At that figure Jesse had already landed at least $100 million in premiums during his first week.
Biggest buyers were industrial plants, utilities, large owners of urban properties, big mercantile establishments. Gimbel Bros, and its affiliated stores went in for $64 million coverage; Consolidated Edison for $300 million; A.T. & T., $1.4 billion.
Home owners were less enthusiastic over the policies, particularly...
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