§ 87. Mr. W. Wellsasked the President of the Board of Trade what action he proposes to take in connection with the proposal of certain insurance companies to revise the premium for motor vehicle insurance in view of the Government's statement on personal incomes, costs and prices.
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§ Mr. H. WilsonI am informed that the proposed increase in the premiums for motor vehicle insurance is due to the heavy increase in the cost of claims in this class of business, which has continued for some considerable time. An increase of premium was contemplated before the date of the statement referred to by my hon. Friend.