INSURANCE RATES.
\ • * • (bt TEr.KonArn—rnEss association) - ;• ],Auckland, Fobni<\rv 4. _ ■ : j ;.V The local managers: "of ■ the'''insuranco;;coinpauies, when seen by n Press representative - this morning,- disclaimed any knowledge of a .generaf increase:in. rates, and profess to' bo -;at,a loss to understand'the report emanating from Masterton. Inquiries made in Wellington yesterday ' failed to confirm a .statement;.' made by a provincial /paper, that, the ' fire insurance companies -.operating..'.in this .cquntry -have .resolved to increase their for.:aU classes pf.risks, and that ; the State Fire'lnsurance , . , Department' is likoly' to 1 follotr; suit. v i The opinion was expressed by.Severs! company managers,'however,' that the- present rates, which were cut low in the expectation,'not yet realised, of still, lower cutting ;by!. the State Department, :aro not sufficient: for safe -business,, 'and . after,, the' losses .from . bush • Area the, companies are just now exceptionally, cautious, .
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Bibliographic details
Dominion, Volume 1, Issue 113, 5 February 1908, Page 8
Word Count
136INSURANCE RATES. Dominion, Volume 1, Issue 113, 5 February 1908, Page 8
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