FIRE INSURANCE.
RATES OF THE STATE OFFICE.
AGITATION IN CHRISTCHURCH
(.PEE PEERS ASSOCIATION.J
CHRISTCHURCH, June 26. Replying to a resolution of the City Council regarding the State Fire Insurance Department’s rates, the Hon. Mr. Fowlds has written that the State office is in no sense under any obligation to follow the ratings of the private companies. At the same time the State office must not be forced into adopting rates which would place the office in the position of making losses. Continuing, Mr. ' Fowlds says:— “Your Council seems to have overlooked the fact that consequent on the coming into operation of the State office, the rates on the majority of fire business of the Dominion were reduced up to 33 1-3 per cent., which has resulted in a saving to the people of exceedingly large sums , annually. The rates so reduced have never been considered adequate by the State office, and very good and substantial reasons must be advanced for any further reductions, even in special areas.” One councillor said that if he had the time he could show that the Department had accepted the dictation of the private offices.
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https://paperspast.natlib.govt.nz/newspapers/GIST19110627.2.13
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Gisborne Times, Volume XXIX, Issue 3254, 27 June 1911, Page 2
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190FIRE INSURANCE. Gisborne Times, Volume XXIX, Issue 3254, 27 June 1911, Page 2
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