United States Maritime Commission: Hearings Before the Subcommittee of House Committee on Appropriations in Charge of Deficiency Appropriations. Seventy-sixth Congress, Third Session. Marine and War-risk Insurance Fund, H.J.Res. 582 |
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Page 2
... capacity adequately to protect the high values which may be exposed to war perils even in the case of neutral mer- chant fleets . American shipping has been relying on the support of the world insurance market for approximately one ...
... capacity adequately to protect the high values which may be exposed to war perils even in the case of neutral mer- chant fleets . American shipping has been relying on the support of the world insurance market for approximately one ...
Page 4
... capacity of the underwriters constituting the American market is $ 4,000,000 per vessel . That is all the American market will absorb . Mr. TABER . That is all that the concerns engaged in that business can carry ? Admiral LAND . It is ...
... capacity of the underwriters constituting the American market is $ 4,000,000 per vessel . That is all the American market will absorb . Mr. TABER . That is all that the concerns engaged in that business can carry ? Admiral LAND . It is ...
Page 5
... capacity of the American in- surance market is considerably less in the case of war risks than in the case of ordinary marine risks . It is proposed that the Commission have a fund to cover both marine and war - risk insurance in an ...
... capacity of the American in- surance market is considerably less in the case of war risks than in the case of ordinary marine risks . It is proposed that the Commission have a fund to cover both marine and war - risk insurance in an ...
Page 15
... capacity or lack of what we would consider adequate rates , that we would step in . Mr. TABER . If we put up $ 25,000,000 , we would be putting up enough to cover that situation ? Admiral LAND . I do not think so ; because we have three ...
... capacity or lack of what we would consider adequate rates , that we would step in . Mr. TABER . If we put up $ 25,000,000 , we would be putting up enough to cover that situation ? Admiral LAND . I do not think so ; because we have three ...
Page 19
... capacity . Now , in order to get an adequate spread , as you know , we go to London for part of our insurance , and London comes over here for part of her insurance . In connection with that , yesterday it was brought out that we might ...
... capacity . Now , in order to get an adequate spread , as you know , we go to London for part of our insurance , and London comes over here for part of her insurance . In connection with that , yesterday it was brought out that we might ...
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Common terms and phrases
Admiral LAND amended American bottoms American commerce American insurance market American market American shipping ance approximately authorized to provide BUELL SNYDER Bureau capacity Cape Horn cargo insurance claims CLARENCE CANNON Commission is authorized COMMITTEE ON APPROPRIATIONS companies authorized conditions from companies cover crews of American EMMET O'NEAL expenses following capture foreign freight and passage going Government Hedge insurance business insurance protection JOHN TABER JOHNSON of West KIRSCH legislation Lloyds London market loss or damage LOUIS LUDLOW marine and war-risk marine insurance marine war risks Maritime Commission maximum Merchant Marine Act obtained on reasonable officers OGDEN personal injury personnel policies issued premiums rates reasonable terms reinsurance against loss reinsurance of marine reserve seamen's risk SEVENTY-SIXTH CONGRESS subtitle surance terms and conditions underwriters United States following vessels including vessels voyage war-risk insurance fund water-borne commerce West Virginia WIGGLESWORTH WILLIAM DITTER WOODRUM world insurance market
Popular passages
Page 15 - ... maintained against the United States in the district court of the United States sitting in admiralty in the district in which the claimant or his agent may reside...
Page 15 - ... whenever it appears to the Secretary that such insurance adequate for the needs of the waterborne commerce of the United States cannot be obtained on reasonable terms and conditions from companies authorized to do an insurance business in a State of the United States.
Page 20 - Secretary may reinsure, in whole or in part, any company authorized to do an insurance business in any State of the United States.
Page 15 - Government, and to pay the amount of any judgment rendered in respect of any suit or settlement agreed upon in respect of any claim. The determinations of the Commission with respect to adjustments, compromises, settlements, and payments hereunder shall not be subject to review by any other executive or accounting officer of the Government. "(b) The Commission is authorized to prescribe such forms and policies, to change or modify such forms and policies as may be necessary or appropriate under the...
Page 15 - Corporation, with the consent of any board, commission, independent establishment, or executive department of the Government, including any field service thereof, may avail itself of the use of information, services, facilities, officers, and employees thereof in carrying out the provisions of this Act.
Page 14 - CONGRESS OF THE UNITED STATES OF AMERICA; AT THE THIRD SESSION, BEGUN AND HELD AT THE CITY OF WASHINGTON ON WEDNESDAY, THE...
Page 15 - An Act authorizing suits against the United States in admiralty for damage caused by and salvage service rendered to public vessels belonging to the United States, and for other purposes", approved March 3, 1925 (46 USC 781-790), as implemented by section 7730 of title 10, United States Code.
Page 15 - Speaker of the House of Representatives, Vice President of the United States and President of the Senate.
Page 15 - Commission in the administration of this subtitle is authorized to adjust and pay losses, compromise and settle claims whether in favor of or against the Government, and to pay the amount of any judgment rendered in respect of any suit or settlement agreed upon in respect of any claim. The determinations of the Commission with respect to adjustments, compromises, settlements, and payments hereunder shall not be subject to review by any other executive or accounting officer of the Government.
Page 14 - ... (b) (1) Commercial vessels (including vessels under construction) owned or controlled by the United States or any department or agency thereof, (2) cargoes owned by the Government or in which the Government has an insurable interest, to the extent of such interest, (3) their disbursements, and freight and passage moneys, and (3) personal effects of the masters, officers and crews thereof.