PREY OF ROBBERS
NEW YORK JEWELLERY STORES INSURANCE RATES RAISED. Australian and N.Z Cable Association. NEW YORK, March 14. While the Metropolitan Retail Jewellers’ Association waa announcing that the plate and retail jewellery stores woula close for one day as a protest against inadequate police protection, and demanding the increase of the force by 25,000, one of the most sensational diamond robberies occurred at the busiest street corner. Five armed men robbed a jeweller and escaped with 100,000 dollars’ worth of gems. The unending increase of banditry has resulted in tbe announcement bv the National Bureau of Casualty and Surety Underwriters of an increase of 15 per cent, in the rates for burglary insurance of residences and hotel?, bringing the figures in some instances to nearly 4 cents on the dollar. It is pointed out that even with the incroase i rates brokers found it difficult to place risks, since the companies are accepting only a limited number. Insurance men said that little of the lcot was being recovered, because tbe thieves were disposing of the goods tbiough "fences” and not through "pawnshops.”
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Bibliographic details
New Zealand Times, Volume LIII, Issue 12396, 16 March 1926, Page 6
Word Count
183PREY OF ROBBERS New Zealand Times, Volume LIII, Issue 12396, 16 March 1926, Page 6
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