Word: premiums
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Dates: during 1970-1979
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Lloyd's of London is the only insurance group that openly admits to issuing kidnap policies. In the past several years its premium income on ransom insurance has jumped from less than $1 million to about $7 million a year. The policies cover the ransom demand itself and the often high cost of negotiating with the kidnapers. Some executives are insured for up to $20 million at a cost to the company of $100,000 in premiums over three years. The average coverage for one person ranges between $2 million and $5 million and costs between...
...have run alarmingly far below consumption. Proved reserves have dwindled-according to the industry. The shortage has also affected air quality. Natural gas is the most environmentally acceptable of fuels, since it releases few pollutants when burned. Many fume-filled East Coast cities would be glad to pay a premium for natural gas-if only they could...
...might tempt with siren songs of durability and economy, and lure no small number of Americans into dalliance with a Volkswagen or Toyota. Even the average driver in the last decade or so might grumble at his beloved during a traffic jam or on the day that the insurance premium came due; he might actually feel a bit shamed when comparing notes with a sports-car fanatic. But he always ?or nearly always?remained loyal to that sleek machine in the showroom...
Over the long Thanksgiving weekend, travelers often found gas stations closed. Some that were open raised prices. On the Black Horse Pike between Philadelphia and Atlantic City, a Shell station owner was retailing premium for 86.7? per gal. Presumably, some thought was given to all of this over the afternoon turkeys; on Thanksgiving night and Friday, drivers noted widespread obedience of new legal limits. Many people just kept off the highways altogether. Amtrak, the national passenger rail service, had to get "every available coach" out of mothballs to meet an unexpected flood of business...
Dartmouth is running on a new, reputedly shorter course this year. It will be "the shortest we will have run on all year," McCurdy said. "I don't know what this will mean to us, except that it ought to put speed at a premium...