FIRE INSURANCE
PREMIUMS AND LOSSES (0.C.) WELLINGTON, Thursday An investigation of the fire insurance premiums charged in New Zealand was recently requested by Mr. J). W. Coleman (Government—Gisborne), who quoted in a question on the subject iu the House of Representatives the statement of the chief inspector of fire brigades that last year the premiums collected by insurance companies were £948.176. though the losses paid amounted to only £228.929. "The figures quoted are those for fire board areas only." replied the Prime Minister, the Rt". Hon. P. Fraser, "and do not include premiums and losses from districts where the fire hazard is greater because of the lack of fire protection and wafer supplies. ''When Dominion-wide figures are available." added Mr. Fraser, "the position will be investigated with a view to ascertaining what can bo done regarding the request lor an inquiry, it must be borne in mind that any underwriting profits made during the war bear very substantial taxation.'
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Bibliographic details
New Zealand Herald, Volume 78, Issue 24104, 24 October 1941, Page 9
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159FIRE INSURANCE New Zealand Herald, Volume 78, Issue 24104, 24 October 1941, Page 9
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