Happy New Year! I am new to the board, but found this discussion very interesting. I check on the ins. claim and this is what I found:

(Truro Daily News, April 23, 1912 p.1)
Insurance Losses by Titanic Disaster Are $15,000,000
Despatch to Daily News - New York April 23
Insurance men say that local losses to be paid by various life, accident, and marine companies, as a result of the Titanic disaster, will reach $15,000,000. Two thirds of this will fall upon marine insurance companies.
The journal places the whole amount of insurance of all kinds at $14,406,000.


I realize this comments only on the passangers' claims, but considering Mrs. Harris's claim was almost one million (1912 $'s) and the marine ins. co's were expected to pay out, why would the co's then ins. any other White Star or IMMC line every again? It doesn't seem to make sense that they would do it for the ins. money. Plus, Mrs. Harris's claim was settled for far less because American liability laws limited the amt. I have never come across any evidence concerning the actual ins. claim for the ship from IMMC and would be very interested if someone could clue me in. Just another question, what is this about the Jesuits and the American Federal Bank theory? Maybe that's a totally different thread.

Best Wishes