INSURANCE RATES,

Dominion, Volume 3, Issue 640, 18 October 1909, Page 7

INSURANCE RATES,

,-, AND THE BUILDING TRADE. , * ■'A' difference ai .opinion on the question of Rooident.insurance rates has arisen between the Wellington Builders' »nd Contractors' Aβeoointiotr and, the local insurance companies. The subject ia :doalt with .in the, association b annual roport as; follows:—.. • -, ' " ■ ~, "The contrapt entered into, by this association some threo or four years ngo for securing cover at .a; reasonable rate, having ezpircol; efforts ■•.were made to ootain a continuance of the -reduced rates, ibut it fcasfoUnd that all the companies carrying on buemots "here were bound to a tariff, which they refused to , break, although this , -association was prepared to plodge its member* to ineute with ony com-' pany /promising :a reasonable robcto on current rates. Kecent reports from the building trade in South. Africa indicate that the «aino difficulty-, had arleen there, ■ but arrangements havev-now bson made for tho giving of the whole of the insurance of tho members of «. numter, of large a«sociation» there to a eom> pany, butsido tho combine, which fa'prepared to grant oover at a substantial reduction on the tariff ratcn. The subject is one worthy of oonsiderntibn bv tho Federated Bullderis , Association, and it will bo proposed ns a remit to tho apptottchihß oonferenoe." '. '....-■