Word: premium
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Dates: during 1960-1969
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...sells auto and travel accident policies written by its own insurance subsidiary; Chicago's Carson Pirie Scott & Co. department store offers Concord Life $10,000 term life insurance to its charge-account customers. Though the card companies earn only a modest fee of 20? to 50? on each premium billed, they are eager to offer new services and thus keep otherwise dormant accounts active...
...Beacon Construction Company reportedly paid a premium price of $34 a square foot for the land. Its tentative design calls for 2 5 units on 23 stories. That would make it the tallest building in Cambridge...
...mind when it specified that Boeing construct its 747 planes strong enough to be converted into cargo carriers. Actually, the 747 and the SST will likely complement each other. For passengers who want to fly a long distance in a supersonic hurry, the SST will be available at premium rates; but such will be the low operating costs of the 747 that a customer who is willing to take from 51 to six hours to fly from New York to London may be able to do so for as little...
...Administration. The increase, from 5½% to 5¾%, was the second ¾% rise in just over two months. It pushed the FHA rate to a level reached only once before in its 32-year history, from September 1959 to February 1961. With FHA's ½% mortgage-insurance premium, it meant that FHA home buyers will pay 6¼% on loans negotiated from last week...
...this would provide insurers with a far larger kitty from which to pay immediate benefits because 1) all drivers would contribute premiums, and 2) all damage suits involving less than $10,000 would be eliminated. Moreover, the plan would also outlaw claims based on pain or suffering unless they exceeded $5,000. The authors argue that it is impossible to assign such damages an accurate dollar value; getting rid of the smaller court claims would also cut administrative and legal costs for insurance companies and give them an opportunity to reduce premium prices. Some claimants, to be sure, might inflate...