Insurance Rates.
MEETING OF THE BUSINESS MEN OF WELLINGTON. [Per Press Association.] Wellington, June 15. A large and influential meeting of the business men was held here for the purpose of taking into consideration the necessity for the reduction of the high rates of insurance prevailing in Wellington. Mr. J. E. Nathan was voted to the chair. The matter was discussed at great length, and the general opinion expressed by the people of the city was that they were not being properly treated by the various companies. The statistics quoted show that the rates charged on property in Wellington is very muph higher than other large centres, and it was asserted by one or two speakers that more than one half of the profits of the companies has of late been made out of the insurers in this part of the Colony. The result of the discussion was the appointment of a committee to wait on the Chairman of the Underwriters Association on Monday, for the purpose of ascertaining whether a reduction in the rates is likely to be made.
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Poverty Bay Standard, Volume I, Issue 158, 16 June 1884, Page 2
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180Insurance Rates. Poverty Bay Standard, Volume I, Issue 158, 16 June 1884, Page 2
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