燃眉之急：火灾对保险市场和监管的持久影响.pdf

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1、Burning Issues:The Enduring Impact of Fire on Insurance Markets and RegulationJen Evert,AVP of the Information Research Center,American Financial GroupDon Griffin,Sr.Department VP and Project Coordinator,APCIACentral Business DistrictGreat Central StationChicago Tribune Photo CollectionCorner of Sta

2、te&MainFirst National BankChicago Tribune Building Post FireFuel for the fire was plentifulOne third of the city is in ruins.All the banks,insurance offices,warehouses and elevators have been destroyed.Fully 10,000 buildings have burned.The fire is still raging and the wind is blowing a gale.-Telegr

3、am sent to Cincinnati,October 9,1871New York Tribune,October 9,1871Concerns about Insurance were Immediate“The excitement in the business portion of the city was scarcely surpassed by that of the most eventful times of the war.One word alone Chicago seemed to be at the beginning of every sentence.It

4、 was shouted by newsboys,buzzed by dealers in stocks and whispered by bankers and startled by insurance agents.”-New York Tribune,October 10,1871New York City circa 1870sNews from NY and Discussions in NY Business DistrictConcerns about Insurance were ImmediateThe Sun(New York),Tuesday,October 10,18

5、71Insurance men met in each others offices to exchange joyless smiles and to learn how each stoodcasting sidelong glances of uneasiness toward their journals and ledgers.large and hazardous risks have been frequently taken in Chicago under the pressure of heavy competition.-The Sun,October 10,1871Re

6、porter:How will this affect the Chicago insurance companies?Jame McMullen(State Fire Insurance Company):Oh!They are all gone up and a good many Eastern companies will have to go with them.Mr.McMullen turned and walked like a man to his own funeral.-The Sun,October 10,1871 Geographic diversification&