Word: premiums
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Dates: during 1960-1969
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Three out of four American families carry automobile insurance, and frustration over accident claims is only one of their woes. There are also protests against big premium increases, abrupt policy cancellations and lax state regulation of fly-by-night companies. The $9 billion-a-year auto insurance business is in such parlous shape that James J. Meyers, vice president for claims of the Crum & Forster insurance group, says the whole works may well become "a dying industry unless we reappraise our practices...
...whites in the U.S. population at large (23% v. 11%). That, according to the Negro G.I. himself and his officers, is because those who make it into military service are the "cream of the crop"-can-do, must-win competitors who volunteer for dangerous duty both for the premium pay and the extra status it gives them. "I get my jollies jumping out of airplanes," says one Negro paratrooper of his $55-a-month extra airborne pay. Unlike Negroes in previous wars, the Viet Nam breed is well disciplined: there are proportionately no more black than white inmates of L.B.J...
...England, had insured its cargo for $1,600,000. The ship itself, owned by a company called Barracuda Tanker Corp., which was incorporated in Liberia but is controlled from Wall Street, carried "hull" insurance of $16.5 million. As is traditional in marine insurance, the policy (with an annual premium of $330,000) had been spread among 120 syndicates in the U.S. and Britain, which will now pay off to Union Oil, the regular charterer of the ship and the beneficiary of the policy. Not since the Andrea Doria sank in 1956, with a loss of $16 million, have marine underwriters...
...drier and more dear (by as much as 50%) varieties produced in the harsher climates of upstate New York. In New York's wine-making Finger Lakes area, output of dry table wines is growing by 13% a year, against only 6% in California. Increased demand for premium table wines helped lift Taylor Wine Company, Inc.'s sales 11% to $23 million last year...
...thorough investigation by the government, which every CO anticipates, puts a real premium on a thoughtful handling of the difficult questions and moral and logical problems which Form 150 poses...