INSURANCE RATES.
; EXOISSIVE:FffiB.WASTE."-;;■ ' (By Teleßraph.-Preaa Association.) , ; Auckland, July 2. V Inqubwe made' to-day in- insurance circles reSn&Sthe Vision of the insurance oomraise.the rates.for:to;."*™ Sod the iofomation that the >igher.ptebe charged oa after August 1 nest:' • It was stated that loss to the combined communes for }s& ™ and for iihe tot five years £254,956. ••& figures are lamentable,"- sajd one insurance authority:. ''The losses; have •occurred and are still occurring, -and companies cannot be.■expected to provide a surplus out of which theyishall all be paid. .It is a great pity, but none the less true,' that, the_Ure; .waste ia tho'. ; Dominion is excessive. Ihis should not be! the case in a;young.wid prosperous country like: this,"- but there us no dis ; putin" facfe-'i Until some satisfactory solution S arrived at,' or until there.is.'a,reduc-. lion in losses, the:rates will'have'.to remain on aa increased basis.!' .. _ ■_■ : '■'.... ■; , ! Leading underwriters stated that even at the proposed, increase ;of,'rates.,fire insurance w3l' ib« barely Actual creaeo is to be has been disclosed. •''.
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Bibliographic details
Dominion, Volume 2, Issue 550, 3 July 1909, Page 14
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162INSURANCE RATES. Dominion, Volume 2, Issue 550, 3 July 1909, Page 14
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