1. Insurance trade get off easy.
- Subjects
INSURANCE marketing ,DISASTER insurance ,FLOOD insurance ,CASUALTY insurance ,FINANCING of disaster relief - Abstract
The article reports on the decline of insurance trade due to the floods, storms, and quake hitting most parts of the U.S. in the spring of 1965. It notes that only a small part of the total loss was covered by insurance. It notes the insurance companies' provision of the money flowing into a disaster area. Meanwhile, President Lyndon Johnson allocates $5 million for flood relief, while the Small Business Administration release disaster loans about $20 million.
- Published
- 1965