INDUSTRIAL INSURANCE
A BRITISH REPORT. (By Electric Telegraph.—Copyright.)' (Austjralian-N.iJ. Cable Association.) Received Last Night, 11 o'clock. LONDON, March 17. The report of the Departmental Committee on the business of Industrial Insurance Companies and Collecting Societies, has been issued. It makes a number of drastic recommendations. It points out that the premiums on industrial policies in 1918 exceeded £25,000,000. The number of policies was 51,000,000. The report declares that the great majority of the; policies effected lapse withm a short time, and the control of organisation iff the case of all large Societies has been secured ,by agents. Thej-efore, it argues that the Societies are conducted primarily in the interests of agents. " The, report asseverates that reckless extravagance is carried ,on uttckr the form of the law, rendering the Board of Trade helpless to give protection to the insuring public. The report urges immediate legislation prescribing reforms and increased control.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WAG19200319.2.60
Bibliographic details
Wairarapa Age, 19 March 1920, Page 5
Word Count
149INDUSTRIAL INSURANCE Wairarapa Age, 19 March 1920, Page 5
Using This Item
National Media Ltd is the copyright owner for the Wairarapa Age. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of National Media Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.