INDUSTRIAL INSURANCE.
DRASTIC CHARGES PROPOSED. "RECKLESS EXTRAVAGANCE." By Teleeraph Prosa Asm.—Copyright. Received March 18, 10.45 p.m. London, March 17. A report of a departmental committee on the business of industrial insurance companies and collecting societies has been issued. It makes a number of drastic recommendations, and points out that premiums on industrial policies in 101S exceeded £-2;>.000,000. The number of policies was 51,000,000. The report declares the great majority of the policies effected a lapse within a Ehort time, and the control'of organisation in the case of all large societies had been secured by agents. Therefore, it argues the ■■societies are conducted primarily in the interests of agents. The report asseverates that reckless extravagance was carried nn under forms of law, rendering the Board of Trade helpless to give protection to the insuring public. The report urges immediate legislation prescribing reforms and increased control.—lmperial Service.
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Taranaki Daily News, 19 March 1920, Page 5
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145INDUSTRIAL INSURANCE. Taranaki Daily News, 19 March 1920, Page 5
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