FIRE INSURANCE.
INCREASE IN RATES FORECASTED. By Telegraph—Press Association. MASTERTON. December 19. Advice has been received in Masterton regarding fire insurance rates in the Dominion, to the effect that as a result of certain revelations in the latest statistics compiled by the Government of the loss rates on certain hazards, it has been found essential:
(1) To increase the rate per cent, over certain risks, and to discontinue the bonus rebate of 122- per cent.
(2) To discontinue the bonus rebate only.
The alteration, it is stated, is to take effect from January Ist.
The advice states that the increase is regrettable, but the offices operating in New Zealand, the State Office included, have no other option, save declining certain unprofitable risks altogether if the enormous fire waste in the Dominion continues.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/THD19291220.2.8
Bibliographic details
Timaru Herald, Volume CXXV, Issue 18453, 20 December 1929, Page 2
Word Count
132FIRE INSURANCE. Timaru Herald, Volume CXXV, Issue 18453, 20 December 1929, Page 2
Using This Item
Stuff Ltd is the copyright owner for the Timaru Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in