Mr. H. Peake, governor of Long Assurance, described the past year ‘as the worst for British insurance abBe, the year of the San Francisco earthquake.e' London Assurance reported a total of underwriting losses of £1,403,306 for the year 1963, compared with a profit of £683,620 for 1962, London's fire department loss in 1963 was £1,216,170 (£381,145) and accident £1,017,136 (profit £163,265). The life and marine departments, however, continued to show profits and they: transfered ~ £130,000 & £700,000.
The WeekThe Week Vol. 1, No. 21, 21 May 1964
Worst Yer for British Insurance Since 1906
The scan: The Week v1 no21.pdf (PDF, Marxists Internet Archive, opens at this page)
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