LLOYDS NEAR TO PANIC

Chicago Record-Herald

Exciting scenes were witnessed at Lloyds underwriting rooms yesterday.  Insurance losses in the last six months have been unparalleled in the history of Lloyds in liners of the biggest class.  Since the Olympic collision, both the Delhi and Oceana have been wrecked, and now comes the disaster to the Titanic.

When business opened there was a rush to reinsure.  Fifty guineas per cent was charged, and this rapidly rose to 60, but later dropped to 25 on news that the Titanic was being towed to Halifax.

It is understood that there was no specie aboard the liner but large insurances had been written on diamonds and other valuables in its cargo.

Chicago Record-Herald
Tuesday, April 16, 1912, p. 6, c. 2:

Acknowledgements

Thomas E. Golembiewski

Comment and discuss

Leave a quick comment. :
500
Leave a comment...

    Citation

    Copyright © 1996-2018 Encyclopedia Titanica (www.encyclopedia-titanica.org) and third parties (ref: #11565, published 9 September 2010, generated 15th November 2018 10:52:46 AM)
    URL : https://www.encyclopedia-titanica.org/lloyds-near-to-panic.html