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o+ damazfz s bnud h¥ = /5 ' ® es Thinks Method Unwise. f | _ Colonel Price is inclined to question > | the wisdom of the insurance companies u O nsurance a eS making the increase in the manner they did. "It would have been very much better," he said yesterday, "if o they had come forward six months * ago and placed their case before thos> l e nves l a e in charge of insurance in the various Provinces throughout Canada, so that, jif an increase in rates were necessary, o ; the Superintendents of Insurance in these Provinces would have had an op-- Ol)ern' ' 'en r er portunity of investigating and ascer-- hidt n taining whether such rates were jus-- tifled. 'The fact that they have not -- woverntie tmfi pu iniier mm ies ie momgeeroyrrieecttecomes Ky s ineechnies en the in idns qonc so forces the Government at this s f Juncture to investigate. To a great Slrong Pl'OtCStS Agamsl In_ iif}ggglvg'_puts the companies on the The Attorney--General pointed out creases Lead AHOI' ney-- l':ha:»hthe <£.nl}1f 1infox'm::\t,ion available as * o ine actual losses occasioned to th» General to Hold Inquiry companies carrying: on under existing "irlef premium rates is in the hands of the ; --Underwriters M us 1 companies "themselves:"" Theo law " does s * f 0t provide the intendent of In-- * P t 0 U e NCCCSSlly for 7 _6 puneriniendent of In-- s § Risc surance with authority to gather that information. . l '"Thes2 companies," he said. "have issued a public statement which gives | COMPA NIES READY the results, but they do not submil. any I | evidence to any one that they have | TO SUBM[T C A S E actually incurred the losses of which | _ they complain, or that they carry on se gusmeas sufficiently economically to +pjp» emonstrate that thas pressnt rates are Announce Willingness to is®®nsmt t ° | ()'/ e T/ [ s is Colonel Price stated that the public dhow ral Increasingiwes entiied to Ensn the 'basp on | : [_I ] R [] 7 which rates had been increased. The : IgARway azaras and Government. he said, was anxious that ' R motor--car drive:s be given the benefit csullanl LOS-')'CS HGUC of as low rates as possible. On the * other hand, cars should be taken in Made Busmess Unprofil- Ontario, and throughout all the Do-- | I J minion, that nothing be done to under-- | ab[c L ndcr Prcsen( mine the stability of the large insur-- | | £4% ing companies, which take so much re-- Condzhons (sponsibilit,\' for various hazards. Sharp increases in automobile insur-- -- . ance rates which wore announced last week by the Canadian Automobile Un-- derwritors' Association as effective from today, Feb. 1, are to be investigated by a Government Commission. Announc:-- _ment to this effect was made yesterday ; by Attorney--General William H. Pric>o. Personnel of the Commission will b> * named in the Legislature the first of , the week. Meanwhils--in fact, until th Commission reports on the very thor-- ough investigation it will be authoriz>d to make--the increased rates stand as i stipulated by the underwriters' asso-- w clation. s o Colonel Price has been in touch with > the association, and they have signified their willingness to come forward and § prov»e th>ir case before any '"impartial T tribunal." $ d To Allay Public Anxicty. $ Appointment of the Commission is s beig made, Colonel Price stated yester-- day, "to allay anxiety on the part pf the public in this matter; if possible, to protect the motor--car owners from what may be excessive rates; and at the same time to protect the insurance | , companies, wao have an mvestme'ng of capital and must be allowed sufflc1e'm. rates to carry on properly aqd to build up resources so that they wgll be able to pay losses from time to time." | * With the association's announcement of the increased rates, many voices--in--| cluding those of the Manufacturers' As-- | sociation, the Board cf Trade and the' Motor League--were promptly raised in | : , "too high" protest. Whether too high . ' or not, these organizations had no op-- . portunity, in any event, to combat the $ $ increases. § E: it %~, s Claim of the underwriters' asso-- * A clation was that the tremendous in-- * crease in mileage of paved roads in the ~ last years, with doubling of the number a of domestic cars and trebling of the number of forsign cars operating over ; them, had so increased the accident hss hazards that the steady losses to the companies resulting had impaired capi-- tal to the extert of making increases -- »-- imperative. k v £ M en nc d t c c c i s c on t e e n