SPREADING OF RISKS
INSURANCE AND ASSURANCE. Insurance and assurance are practised in many forms which enter into and ease, the lives of ordinary people, says “The Times.” The British genius has been peculiarly successful in developing these insurance activities, in which it has set an example that other countries have emulated. For the full benefits which this system of the spreading of risks confers on mankind the most obvious need is peace. Yet during the hundreds of years in which the British insurance industry has graually grown like a strong tree throwing off branches, it has been exposed to constant trials, including the effects of wars. While its growth now and then ■ has thus been temporarily checked, it has expanded once more when the soil was favourable, and it will certainly do so again. Indeed the British insurance companies, with their strong finance and high standard of technique form a combination against which even the forces of nature, in the form o! earthquakes, floods, and hurricanes have beaten in vain.
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Wairarapa Times-Age, 14 October 1940, Page 3
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170SPREADING OF RISKS Wairarapa Times-Age, 14 October 1940, Page 3
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