FIRE INSURANCE BUSINESS.
' A NEW COMPETITOR. (Per United Press Association) ' WELLINGTON, August 3. . Another development has come to help fire insurance to continue-to be a "burning topio"- of the day. Already tho public had.the possibility of increases in'the rates charged by the Stato and private companies, and now-arrives the news that the Ocean Accident and Guarantco Corporation is to step into rhe fire arena. sHad bid for business throughout Kcw Zealand. Over a week ago the head office cabled to the local manager (Mr C. M. Montcfiorc) instructing him to get a fire insurance department organised in New Zealand. That announcement did not come as a surprise. He had known for some time that the company's operations were to be enlarged, and had prepared for the extension. Mr Montefioro has had 18 years' experience in the fire, section of insurance. "I. have everything pretty well in readiness," he said to-day. - "I anticipate doing business before the end of the month."
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Bibliographic details
Otago Daily Times, Issue 14283, 4 August 1908, Page 6
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160FIRE INSURANCE BUSINESS. Otago Daily Times, Issue 14283, 4 August 1908, Page 6
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