PREMIUMS ON CARS
Warning Of Increase (N.Z. Press Association i WELLINGTON, June 7 The State insurance Office in its annual report issued in Parliament today said premium rates will be increased if the claims experience of comprehensive motor-vehicle business deteriorated further. A sharp rise in claim costs reduced the underwriting surplus of the office to £344.502 for 1965 compared with £614,561 the previous year. The increased cost of claims applied to all the main classes of business, but was particularly marked in motorvehicle insurance.
The net premium income increase was £832,952 the .largest in the history of the [office, the report said. All the imain classes of business shared in the increase.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19660608.2.42
Bibliographic details
Ngā taipitopito pukapuka
Press, Volume CVI, Issue 31080, 8 June 1966, Page 3
Word count
Tapeke kupu
112PREMIUMS ON CARS Press, Volume CVI, Issue 31080, 8 June 1966, Page 3
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Press. 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 Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in