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Updated: June 20, 2025
By the 23d of February, 1915, the success of German submarines had been so marked that the insurance rates on merchantmen went up. Lloyd's underwriters announced that the rate on transatlantic passage had gone up nearly one per cent. And on the same day it was announced that the British Government would thereafter regulate steamship traffic in the Irish Sea.
'No. The underwriters failed and went bankrupt, and the wreck came into the hands of your English Lloyd's. It remained their property till '75, but they never got at the bullion. In fact, for fifty years it was never scratched at, and its very position grew doubtful, for the sand swallowed every stick. The rights passed through various hands, and in '86 were held by an enterprising Swedish company, which brought modern appliances, dived, dredged, and dug, fished up a lot of timber and bric-
The captain and crew would time it so's they could get ashore, and the sea would soon break up the vessel, and then up they goes to York for insurance on ship and cargo. There was a good deal of that sort of work went on when I was a boy, until the underwriters got wind of it and established the wracking system." "This building? "No, no! Don't confound the two things.
It consists of a pair of plug cutouts and a single-throw, double-pole switch mounted on a porcelain base as shown at K. In some localities it is necessary to place these in an iron box to conform to the requirements of the fire underwriters. Connecting Up the Transmitting Apparatus. The way the various pieces of apparatus are connected together is shown in the wiring diagram.
But if the word "missing" brings all hope to an end and settles the loss of the underwriters, the word "overdue" confirms the fears already born in many homes ashore, and opens the door of speculation in the market of risks. Maritime risks, be it understood. There is a class of optimists ready to reinsure an "overdue" ship at a heavy premium.
It is no longer believed that grog will insure the faithful performance of a seaman's duty, and it is excluded from our ships, so far as the forecastle is concerned; and if it were never allowed to visit the cabin, the crews, in some cases, would lead happier lives, there would be fewer instances of assault and battery, revolts and shipwrecks, and the owners and underwriters would find the balance at the end of the voyage more decidedly in their favor.
From Swansea he went home by train; Minnie and her kindly old father met him and made much of him. Old Davis was a man who had built up his own fortune, scraping tonnage together bit by bit, from the time when, as a captain, he had salved a crazy derelict and had her turned over to him by the underwriters in quittance of his claims.
"Blake is bringing up his shrewdest detective to co-operate with me in the case," added Kennedy. "Blake, I understand, is the head of the Burglary Insurance Underwriters' Association, too. This will be a big thing, Walter, if we can carry it through." It was the longest half-hour that I ever put in, waiting for Blake to arrive.
Now I can understand better than he why that part would be of no especial interest to you; but can't we deal with a Syndicate, or a Board of Underwriters, a Holding Company, or some of those wonderful business combinations that you Americans devise in order to do business without going to jail? Is the poor starving inventor some billionaire like yourself, who works only for honour and glory?
In this year, certain underwriters desired to be heard against Gregson and others of Liverpool, in the case of the ship Zong, Captain Collingwood, alleging that the captain and officers of the said vessel threw overboard one hundred and thirty-two slaves alive into the seas in order to defraud them, by claiming the value of the said slaves, as if they had been lost in a natural way.
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