INSURANCE RATES TO RISE.
Insurance on all fire risks in New South \\ales, with the exception of offices and dwellings, will be increased by 10 per cent, a.s from. Ist July. Insurers have been notified that "owing- to the extremely heavy fue losses which the company lias .sustained during recent years, and owing to the substantial increases in working expenses, we, in common with other companies, have been reluctantly compelled to suspend flic allowance of the customary 10 per cent, bonus on cer-
tain classes of fire risks as from i* "it y" *, n araP'ification of the statement that tiie companies had suffered heavy losses, an official of one company, whd said that _he quoted from the Government statistician's report, mentioned that ■Z, '? SIX reais from mh June. 1921, to 30th Jiibc, 1926, the total premium revenue for fire insurance received by tha companies in New South Wales was £11,----fi-'^ 6 ' T hlle the expenditure was £11,. 64a,904, leaving a surplus of £34,062--» equal to .28 per cent.
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Bibliographic details
Evening Post, Volume CXIII, Issue 136, 13 June 1927, Page 11
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168INSURANCE RATES TO RISE. Evening Post, Volume CXIII, Issue 136, 13 June 1927, Page 11
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