United States Maritime Commission: Hearings ... 76th Congress, 3d Session: Marine and War-risk Insurance, H. J. Res. 5821940 - 25 pages |
From inside the book
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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 $ 1,000,000 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 $ 1,000,000 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 carried in American claims CLARENCE CANNON Commission is authorized 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 or reinsurance 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 rates reasonable terms reinsurance against loss reinsurance of marine reserve revolving fund seamen's risk 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 17 - ... 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 17 - ... 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 22 - Secretary may reinsure, in whole or in part, any company authorized to do an insurance business in any State of the United States.
Page 17 - ... of this Act shall be subject to the penalties and entitled to the privileges and immunities provided in said Federal Trade Commission Act as though the applicable terms and provisions of the said Federal Trade Commission Act were incorporated into and made a part of this Act...
Page 21 - Commission is authorized to provide marine insurance and reinsurance against loss or damage by the risks of war and reinsurance against loss or damage by marine risks...
Page 17 - 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 17 - 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 16 - SEC. 221. (a) For the purpose of protecting the water-borne commerce of the United States from the impediments and burdens arising from the lack of adequate facilities for the insurance of such commerce...
Page 16 - (b) There shall be in the Treasury of the United States a revolving fund to be known as the marine and war-risk insurance fund (hereinafter referred to as the fund), to be used for carrying out the provisions of this subtitle, and to be constituted of such sums as may be appropriated to such fund and of moneys and receipts credited thereto as herein provided. There are hereby authorized to be appropriated to such fund such sums as may be necessary to carry out the provisions of this subtitle. All...
Page 16 - Provide marine insurance and reinsurance against loss or damage by the risks of war as authorized by Title II of the Merchant Marine Act, 1936, as, amended.