OVER-INSURANCE.
In his annual report on the operations of the State Fire Insurance Office,-the General Manager (Mr C. R. C. Robieson) draws attention to the unenviable position held by this Dominion in the matter of fire-loss ratio. One of the worst contributing agencies he claims to be over-insurance. Mr Robieson does not furnish the moans necessary for preventing over-insurance, but that such a means is available, there can be little doubt.' Possibly, if the position were analysed, it would be discovered that the keenness of the various Companies in the matter of securing business is the most, fruitful cause of over-insurance. Something might also .be done to check the depredations of rats and the animation of oil-lampa if a system of endowment insurance were devised, under which a person would bo able to draw a sufficient sum at the end of a given period to restore a decayed building.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAG19120312.2.15
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Age, Volume XXXII, Issue 10581, 12 March 1912, Page 4
Word count
Tapeke kupu
149OVER-INSURANCE. Wairarapa Age, Volume XXXII, Issue 10581, 12 March 1912, Page 4
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Wairarapa Age. 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