LONDON ASSURANCE
Higher motor insurance premiums were foreshadowed at Wednesday's meeting of the London Assurance by the Governor Mr. R. Olaf Hambro. He explained that as a result of the Rose v. Ford case, in which damages for" Expecta- tion of Life" were successfully claimed, there was a sub- stantial additional cost to the motorist estimated in some quarters to be as much as ro per cent. of the premium income. The additional cost would have to be insisted upon by way of addition to the premium charge unless there was an amend- (Continued on page 786-
FINANCIAL NOTES
(Continued from page 785)
ment to the law. Similarly an adjustment would have to he made on account of the abnormal claims experience generalir in that department. By way of contrast, Mr. Hambro also reported that conditions in the marine insurance market were better than for some years past. The London AssuranLe also achieved a record business in its life department for the sixth successive year.
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