War Risk
a name given by insurance men to policies written on property obnoxious to destruction or damage by perty reason of a war then being waged; applied generally to marine insurance. WAR RISK INSURANCE. Following its entrance in the World War, the United States undertook to perfect plans for the insurance of soldiers. Such a plan was finally adopted on October 6, 1917. This provided compensation and insurance for soldiers. By the terms of the measure, which provided for insurance, any person, male or female, in active military service, might for insurance, any person, male or for any sum between $1,000 and $10,000.
By March 15, 1918, over 1,500,000 per- WARSAW sons in the army and navy had been inthe end of the year, over 4,000,000 perthe end of the year, over 4,000,000 persons had been insured, for about $37,000,- 000,000. Up to May, 1919, death awards for insurance amounting to $785,613,500 had been paid to 102,286 beneficiaries. of the war risk plan, there were com- In addition to the life insurance phase pensation and disability benefits, ranging in amounts from $1,000 to $10,000. Practically 95 per cent. of the personnel of the army and navy and nursing corps, with an average figure of $8,700, had taken out insurance. nursing ments were made following the close of had taken out insurance. Arrangepremiums for regular life insurance the war for the transference of these premiums of different kinds. the capital of the Polish kingdom; under