AERONAUTICS: Insurance

Prizefighter Gene Tunney a year ago flew in a Sikorsky Amphibian the 150 miles from Speculator, N. Y., to New York City. To insure his life for $300,000 and the plane for $30,000 during the single, short trip, his insurance company charged a premium of $1,000. Another company might have charged more, another less. No one knows what is a fair rate for aviation insurance risks. Whatever standards exist are constantly fluctuating and depend on a multitude of conditions and contingencies. To help the insurance companies fix standards the Daniel Guggenheim Fund for...