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The Clarksburg Telegram
Clarksburg, Harrison County, West Virginia
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Executive committees in New York unanimously rescind partial insurance rate advance in West Virginia, opting for analytical schedule to justify increases where needed. (Nov. 1)
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ADVANCE IS RESCINDED Unanimously At Meeting Held By Executive Committees In New York City.
(By Associated Press.)
NEW YORK, Nov. 1—At a meeting of the executive committee of the West Virginia Fire Underwriters Association and the committees of Western and Eastern unions to consider the percentage of the advance in rates undertaken in part in that state today the unanimous decision was reached in favor of rescinding the advance so far as it has thus far been made to apply. This action was taken in view of the fact that a general application of the analytical schedule is being made in West Virginia, the result of which will be an advance in rates upon such risks where an advance is no more than justifiable and needed.
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Where did it happen?
Domestic News Details
Primary Location
New York City
Event Date
Nov. 1
Outcome
unanimous decision to rescind the advance in insurance rates so far as applied in west virginia, pending application of an analytical schedule that will advance rates only where justifiable.
Event Details
At a meeting of the executive committee of the West Virginia Fire Underwriters Association and committees of Western and Eastern unions, the unanimous decision was reached to rescind the partial advance in rates undertaken in West Virginia, in view of the general application of an analytical schedule that will adjust rates accordingly.