INSURANCE RATES.

Dominion, Volume 2, Issue 549, 2 July 1909, Page 5

INSURANCE RATES.

matters, are in train whereby it™ howd that mean a ; slight advance on thfe: hfSt r«?es of jflfe ■ insurance.:, She NeW Mffl tfßd«? whta' ..Association are inthift Son" thai rates. witLut the Cfii bMfahbn «{■ the; State' .Fire b ut Eβ chances that so:ne agreement can be made o;.that,ond_arß; favourable, id. view ,of the fact that. the Department made a loss on th« T«I? w' .Eroiw Inquiries made It AVaS ascertained that the underwriters W« Conferred with the Ministef toX State R™ 'Department, and that tho-negotiations had been 1 Satisfactory..,U|» to /ft. point,?but as th™tariff was .ft very .complicated ohoVit • w&6 euite irahmm would bo generally, assuminß that n wnclusion had bten fcomo to. .It Fβ pretty 6i\fo to Sγ, however, that may "PmHo of a riU in premWtit (By TolegrttjHj.'-Preee ABWeitttibn.) Auckland July 1, Tho statoHleilt that firo insuranoo ratee aro to bo raised by from 10 jxer cent, to 13 per Cent, throughput t'>n DommioiHs not dented jn Auckland ir ; •'•"n cmclor, but rcticonco is uisplayocl on liU: oiiujoct. It has bwm well known tat somo timo pnet that, owing to tho enormous looses ocoarnng nnnuiilly. rates mußl go up sooiim br lhtor. This fact Ims been kept steadily in vww by tho insurnnco (•nhipames, with s> vioiv of raising the rates wlioii ft favourable opportunity oftord No iilfoimatiort was obtainable M to whtn tho now latos will bo brought into foico. Tho inntter hns boon slowly oomihe to u hoftdi however.