THIRD PARTY RISKS
MEETING OF CLAIMS SATISFACTORY RESULTS (Parliamentary Reporter.) WELLINGTON, this day. "It is considered that the method of settling claims is giving general satisfaction, and the available evidence supports this,” said the Rt. Hon. J. G. Coates, Minister of Transport, when replying to a question by Mr. C. Carr (Labor, Timaru). Mr. Carr said that there was growing dissatisfaction with the administration of the third party risk legislation, under which very few cases were decided in favor of the third party, and he invited the Minister to consider the desirability of tightening up the provisions of the Act. It was disclosed by Mr. Coates that during tho period between the coming into operation of the Act and December 31, 1932, motorists paid premiums amounting to £720,300, of which sum £561,014, or 78 per cent., had been involved in the settlement of claims and the estimated liability in respect of outstanding claims. "These figures,” the Minister added, "show that the Act is fulfilling its object, namely, to provide a fund whereby third parties injured through the negligence of motorists may receive compensation.”
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18204, 27 September 1933, Page 7
Word Count
183THIRD PARTY RISKS Poverty Bay Herald, Volume LX, Issue 18204, 27 September 1933, Page 7
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