A responsible underwriter is credited with the statement that in Massachussetts the experiment of compulsory third-party insurance has been found to lead to a great increase in the number of dishonest and exaggerated claims. It will be gathered that the Insurance and Banking Record is concerned to point out the difficulties incidental to proposals such as the Government has in contemplation, rather than to discuss the possibility of meeting these difficulties in a satisfactory manner. It concludes with the following admonition: —“To enact that every motor vehicle or driver must be insured against third-party liability is a very simple proposition, but, in the carrying out of this project, to ignore the safeguards which form part of the ordinary policy is an encouragement to recklessness and incompetence on the one hand, and to dishonesty on the other, and is likely to increase rather than diminish the lamentable number of accidents that occur.” —“Otago Daily Times.”
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Hokitika Guardian, 27 September 1928, Page 2
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154Untitled Hokitika Guardian, 27 September 1928, Page 2
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