WORKERS' COMPENSATION.

Auckland Star, Volume LVII, Issue 157, 5 July 1926, Page 5

WORKERS' COMPENSATION.

STATE ACCIDENT INSURANCE. "P. KAI IN<. i\ M-:\\ -oi : .; w _\ ;.;,<. The- W.-i'.. ,--' , . „;.. --..-.. - \ -. i- to .-.,„.. ;,;: . -', ;, -, ] \, i \ ...y. • 3 ••Milt!.;. Daii.- i.-i- _•-..;.' a." ~;' I:\ M.-Farhu:,-. ~. ,-..;. :,: m .-.,_. ■"!.: -._ in A-:--raii... .. -~_ :: .-.,:':L'.':V__. r ' f •''..„ va: l;:-ura:i.e Government Rates. ' 'tii.-'a'.- i:i tLe T.eu-::ry an- ->n:- \] ■.:•.% uuois- 2" [~.;• or.:, a- :i_.u::-.- ;o ..._r cellt . . ii:. in add l.ci ; .-:- ~-:;- :; 'i :::•! _n ' v." . ::". irak:n_ a total ,•: _.j :j pava'o-. ,--:■ . -rimer,.! £1 : „.,_... .hi, l prremiinu. in adlititu r - • -.-..: i._- -.• t-mr.li o>r'. ii.i i:;-y a: co-um. n hi ■ ::.i Cost to City Council. ] TLe town cL-rk i Mr. W. i,. Lr.-.v-.l ! ( oilll.-il tii.it tin- co-- i f in-"r;:;_ i' s i'O'-'' emnl. ~-,,.-■- ninb-r the :-,-« \. - \v.,-:i I he iis.s.ei |.er annum, -i-mpare.'. • L a : niiuni- anaiii-t ac.-id. Nt would amount .and mi -i■ -'..iu — a -imilar iiwreu-e, mI■;-s . -i"i per ecnr. Tiie calculations -- .re i ba-ed on tiie- rare- a- a;:;i. un.-.-d -n I wltieli the I ii.\ ernn-.ent wa- prepared :j ■ accept the risk=. : The to\i n clerk added -La- lie ;-a I i obtained co'.er f,. r a month, a- from :! ■ ! comirencenieiu of the uperaroii of th- ' Act. with the Manufacturer- - Mutual i i.fticc. which bad held the . Id ri-k. :\<.<\ . iie could not siiv what the co-' u.-.iLI . be. Rush to Cover.

Queues were waiting i.i many insurance offices undertaking worker-' compensation busine-.-. impatient to .-.,-,-r themselves n.ain-r t ;.- ri-k- and penalties under the Act. It »;i- a b;i-y Lay for the start'-. Although ,-oni" companies have announced rates below those :ir-r decided up..n liy tii.- underwriters, other- are i-suing c-ver for a period — usually J. month—in tiie undcr-tanding that wha*ever rate- are anally tixed "ill '-~ paid by the insurers. The lit supplied by th ■ un..erw liter* of oompani/ which are undertakingei m.pen-ation insurance i- a- follows; - - Australian Ceneral. Mercantile Mutual i Australian .. Queen-land. Bankers an.! Traders, Employers' Liability. Standard, Federal Mutual. Farmers and Grazier-. National Insurance (o. of New Zetland. Northern A-.-urai.ce ( 0.. Co-opera-tive Insurance ( o. of Australia. Victorian. Colonial Mutual. Southern Southern Union.

A further group of companies decided to withdraw from the compensation b—siness. and others still are awaitintr instructions from headquarters. The.se who withdrew are as follow: —Royal, Legal. Lancashire. Norwich and London. Commercial Union. Palatine. Australian Mutual Fire Insurance Society. Ocean Ace.'dent and Guarantee Corporation, Liverpool Marine and General. Australian Provincial Assurance Association, Ltd. i Union . The managing director of a corr.panv which i- quoting for business at 1.1 per cent siekne-s ra'e .-rare.! tiiat his board considered a profit would be -hown. The rare would be reviewed in three months, and it if were possible a further reduction would le made. "To-day ii.i~ been the biggest i:i my career so far a- insurance i- concerned. - ' he -aid. His company announced rii.it the office woii'il rerfain open until '' p.it. -.. rake bu-i-