Word: premiums
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Until recently, syndicates' profits were traditionally high. In 1976 the 8,565 members shared a premium income of $281 million. Since then, the ranks have swelled to 18,500, and the profits of most syndicates have declined. The names now include everyone from titled British aristocracy to the Pink Floyd rock group, some 1,191 Americans and 36 Arabs. The basic rule is the same for all: members share in the syndicate's profits in good years but in bad years must also divide losses, no matter how large...
...Sasse. Between 1975 and 1977 this group amassed an amazing collection of bad risks. Some 1,300 claims worth $22.7 million were paid out in fire-insurance policies issued in Canada and the U.S., many in the arson-plagued South Bronx. The Sasse syndicate had also reportedly exceeded its premium-issuing limit by some 3½ times. Now 38 members of the group, who are under pressure to come up with an average $448,000 each, are suing the insurance exchange and challenging the sacred unlimited liability rule. They are arguing that they should not be liable for losses that...
...largest family-owned wineries; of cancer; in Sonoma, Calif. An informal patriarch who preferred the outdoors and overalls to office life, he took over the modest business founded by his Italian immigrant father in 1944 and greatly expanded production to include 24 wines ranging from "jug" types to premium varietals. When the U.S. wine industry started to boom in the '70s, other vinicultural pioneers began cashing in their holdings; not Sebastiani. Said he: "I would as soon sell my children as my vineyard...
...Angeles, is stuck with an order of 15.5 million plain drinking glasses; until the boycott issue is resolved, the company does not dare follow through on plans to imprint the Moscow Games insignia on them. Groused Blum: "The sales being blown away are between $50 million and $100 million. Premium promotions are hurting because companies don't want to be identified with things that have 'Moscow' written on them." Whatever happens, Blum will not look to Moscow for a refund. Said he, with a shrug: "The Soviets will simply say, 'It isn't our fault...
...break adds up to 400 per gal. of ethanol since there is only 10% alcohol in each gallon of gasohol. The benefit only partly offsets gasohol's cost disadvantage. The wholesale price of a gallon of ethanol can be as much as $1.70 vs. about 85? for premium unleaded gas; at the pumps, gasohol typically retails for 6? to 8? more even with the federal tax advantage. Adding together the costs of the new program, the tax breaks and several existing gasohol support programs in place at the Departments of Energy, Commerce and Agriculture and the Small Business Administration...