WAR RISK INSURANCE
DIFFICULT TO MAKE PRACTICAL SCHEME (British Official Wireless.) Press Association—By Telegraph—Copyright RUGBY, November 28. (Received November 28, at noon.) Addressing the Insurance Institute of London, Mr Walter Elliot drew attention to the difficulties in the way of a scheme of insurance against war risks. He said it was a subject to which tho Government was giving much thought, and a statement would be made at an early date by Sir John Simon. A contingency of this kind was quite outside the scope of insurance as normally understood—that is to say, a system of graduated premiums carrying with them the right to full compensation. Full compensation implied compensation in goods, not in paper; and no one could say whether sufficient goods would be available for the full replacement which insurance implied.
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https://paperspast.natlib.govt.nz/newspapers/ESD19381129.2.93
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Evening Star, Issue 23127, 29 November 1938, Page 9
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133WAR RISK INSURANCE Evening Star, Issue 23127, 29 November 1938, Page 9
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