FIRE INSURANCE
RATES RAISED. IN NEW ZEALAND. (By Telegraph—Per Press Association ) AIASTERTOX, Dee. 19. Advice received in Alasterton regarding fire insurance rates in the Dominion is to the effect that, as the result of a. certain revelation in the latest statistics, compiled by the Government, of the losses, now rates on certain hazards have been found essential as follows: (1) To increase the rate per cent over certain risks, and to discontinue the bonus rebate of 124 per cent. (2) To discontinue the bonus icbate only. The alteration stated takes effect from January Ist. The advice states the increase is re-, grettable, hut the offices operating in
New Zealand, the State Office included, have no other option, save the declining of certain unprofitable r.sks altogether if the enormous fire waste jin the Dominion continues.
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Hokitika Guardian, 20 December 1929, Page 6
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134FIRE INSURANCE Hokitika Guardian, 20 December 1929, Page 6
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