44 SETTLEMENT FOR ACCIDENTS TO AMERICAN SEAMEN

any time in its discretion to withdraw such proposal to pay compensation without
notice, under which circumstances the company will be no longer bound by the
undertakings expressed in the preceding paragraph. If thereafter any claim,
suit or demand is made upon this employer for damages, for such injuries, the
obligations of the company as expressed in paragraph 1 (B) of the policy, as
well as all parts of the policy having reference thereto, shall be available to this
employer and shall be and remain the obligations of the company as fully and
completely as if this indorsement had not been written.
This indorsement is effective as of policy date.
Nothing herein contained shall waive, vary, alter or extend any provision or
condition of the undermentioned policy other than as above stated.
There remains considerable room for conjecture as to how a compensation
 law for seamen would effect the premium rates for injury
insurance. Compensation, if the same as the longshoremen’s, would
limit settlements for injury and death to a maximum of $7,500, all
of which is payable to the beneficiary. Litigation under present
methods occasionally results in verdicts for the seamen of $25,000
or $30,000 and cases are on record as high as $50,000. Out of all
court verdicts however must come attorneys’ fees and other expenses,
possibly reducing the net compensation to one half of the verdict,