THE INSURANCE ADVOCATE HAS BEEN IN PUBLICATION SINCE 1889. EACH ISSUE, WE LOOK BACK TO A DIFFERENT TIME TO SEE WHAT INSURERS WERE READING ABOUT BACK THEN.

• Date: 24 September 2021

Inland Marine Insurance Has Been Progressive and Aggressive, Says Guest Editor Joseph J. Magrath

Too infrequently does the insurance business hear from Mr. Magrath. And when he consented to tell in broad outlines wliy "inland marine" really spells "all risk" coverage, we gladly said: "Go ahead, Joe; the page is yours."--Editor.

For some years [he demands for "all risk" and "multiple peril" policies required under sufficiently urgent conditions have been gratified by inland marine coverage. The use of this highly adaptable market to serve the reasonable needs of the public now arouses less irritation than was prevalent fifteen years ago. The attitude of company executives is more friendly, and agents and brokers value the sales appeal of broad cover policies.

It may seem strange that fire underwriters do not write some of the coverages that have been developed in the inland marine market. The obstacle arises from the fact that fire underwriting, having developed upon a "named peril" basis, has...