A DANISH INSURANCE COLLAPSE.
During the boom in Denmark the canny Danes were deluded by a number of new insurance company propositions. Those Dane;) who uttered a note >.f '-faming ssjainst these Insurance flotations were charted by the promoters with being competitors who did not wish to see fresh organisations in the field. Now the advisers of caution have their revenge. This is because of the unfortunate results of their investments, as 29 insurance companies (according to Press reports) have gone into liquidation, six others are bankrupt, and seven have had to undergo some form of settlement. It was found that much of the money obtained for companies was the result of the work of agents, who carried out a door-to-door canvass for shares. The promises made of large returns by such agent 3 were not fulfilled, and heavy Individual losses by subscribers have had to be faced. Heicently in Great Britain the suggestion was made by the- Companies Commission that house-to-house canvassing for shares should be prohibited.
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Bibliographic details
Evening Post, Volume CXII, Issue 2, 2 July 1926, Page 9
Word Count
168A DANISH INSURANCE COLLAPSE. Evening Post, Volume CXII, Issue 2, 2 July 1926, Page 9
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