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Word: premiums (lookup in dictionary) (lookup stats)
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...have different ideas, and manage to swing the meeting over to their side, by reminding them of other possible costs. Cooke writes, $3.000, it was suddenly discovered, looked like a bargain. So they voted it, in theory to preserve the "old wooden covered bridge," in fact as an insurance premium against damage suits and as a bait to hook the nibbling "historical element." In a way, the passage describes not the preservation of a covered bridge, but rather the preservation of a far rarer ristorical specimen: a center of Yankee parsimony...

Author: By William R. Galeota, | Title: Talk About America | 12/9/1968 | See Source »

Sinclair had other reasons to opt for Atlantic Richfield. Although it boasts a solid refinery and marketing operation, Sinclair suffers from limited production capacity and must buy large amounts of crude oil at a premium from outside sources. Fast-growing Atlantic Richfield (1967 sales: $1.56 billion) has meanwhile been on a production binge, and its recent oil find on the North Slope of Alaska promises to be one of the largest in U.S. history. A merger that would enable Atlantic Richfield to move its oil through Sinclair refineries would obviously benefit both companies...

Author: /time Magazine | Title: Mergers: Struggle for Sinclair | 11/15/1968 | See Source »

...there, what makes and vintage, by men or women, of what age. Since Cadillacs use more gasoline than Falcons, and eight-cylinder engines more than six-cylinders, since women do not drive as much as men, it is possible to estimate down to the number of gallons how much premium gasoline a given service station should sell...

Author: /time Magazine | Title: Statistics: Counting the House | 11/8/1968 | See Source »

...recommendation was Vestal Lemmon, president of the rival National Association of Independent Insurers, whose 480 affiliates (including State Farm Mutual and Allstate, the two biggest auto insurers) write more than half of U.S. auto-insurance policies. Lemmon raised serious doubts as to whether the A.I.A. plan would actually reduce premium rates, also criticized the proposal to eliminate pain-and-suffering payments. "There is," he insisted, "no evidence that the American motoring public wants such a scheme...

Author: /time Magazine | Title: Insurance: Trying for Answers | 11/1/1968 | See Source »

...plan, based on a 15-month study of insurance claims in 11,000 auto accidents, was aimed at two of the policyholders' biggest headaches: soaring premium rates and slow payment of claims. It was advanced at a time when the auto-insurance industry has come under the scrutiny of Congressional investigators and the Department of Transportation. Auto insurance is also the subject of a reform movement at more local levels, where most of the interest centers on a plan, devised by Law Professors Robert Keeton of Harvard and Jeffrey O'Connell of the University of Illinois, that...

Author: /time Magazine | Title: Insurance: Trying for Answers | 11/1/1968 | See Source »

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