HEAVY COMPETITION IN FIRE INSURANCE
STATE’S DIFFICULTIES
(THE SUN'S Parliamentary Reporter.) WELLINGTON, Friday.
The Hon. W. Nosworthy, in piloting the State Fire Insurance Department estimates through committee, confessed to the House of Representatives that the department had had anything but a wonderful year, and was facing heavy competition from outside insurance concerns.
Mr. D. G. Sullivan, Avon: Is it fair that these companies should engage in such competition when they hold so much of our reinsurances?
Mr. Nosworthy: Well, it is hard to avoid it. They have a good hold on insurance the world over.
Mr. M. J. Savage: I would rather make other companies keep step with the Government office. Mr. Nosworthy: We are out for business and have our canvassers out. We increased our premiums by £24,000 last year.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19270903.2.21
Bibliographic details
Sun (Auckland), Volume I, Issue 140, 3 September 1927, Page 1
Word Count
131HEAVY COMPETITION IN FIRE INSURANCE Sun (Auckland), Volume I, Issue 140, 3 September 1927, Page 1
Using This Item
Stuff Ltd is the copyright owner for the Sun (Auckland). 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.
Log in