HC Deb 12 November 1936 vol 317 cc1062-3W
Mr. PARKER

asked the President of the Board of Trade whether he is aware that Lloyds have decided not to insure against war risks for anything on land; and what steps the Government propose to take to protect the thousands of people buying their houses through, or placing their savings in, building societies in the event of war?

Mr. RUNCIMAN

I am aware of the recent decision of the non-marine underwriters at Lloyd's no longer to write war risks on land in the United Kingdom and Ireland. This decision brings the practice of Lloyd's into line with that of the insurance companies. I have no information which would lead me to believe that the withdrawal of this class of insurance will in any way prejudice the peace-time position of those who avail themselves of the facilities offered by building societies, or place them in a position different from that of other owners of property.