Word: planning
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Dates: during 1960-1969
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...Under Keeton's "Basic Protection Plan," an accident victim would receive compensation from his own insurance company, regardless of who was at fault in the accident. At present, the insurance company of the negligent driver pays all claims...
...basic protection plan would cut insurance premiums, Keeton claims. At present 23 cents of every premium dollar goes to court costs and attorney's fees. For example, the average settlement in cases under $100 ultimately costs the insurance company more than seven times that amount due to lengthy and complicated court proceedings. The Keeton plan, which settles cases without regard to fault. would largely eliminate that expense, he said...
...basic protection plan would greatly speed up the claims process, he said. because claims could be settled by direct dealings with the insurance companies without long delays caused by court actions...
...Jacob K. Javits (R-N.Y.) Monday added his plan to the growing list of suggestions for satisfying the new-found "Middle Americans...
...five years Nixon's plan would increase the central pot to $5 billion, resulting in New York City receiving about $250 million. But if the City's budget grows at the same pace that it has been growing for the last decade, from $2.2 billion to $6.6 billion, this still will not amount to more than two per cent of the City's budget...