Word: premiums
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...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...
...growing importance of labor-management relations has also put a premium on patience. It is perhaps significant that an expert in the field, Professor of Management Douglas V. Brown of M.I.T., who thinks that Americans are impatient generally, maintains that in labor relations they are more patient than any other people...
...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...
...board match had six slams and only six non-game contracts. The contest was scored by international match points which put a premium on making games and slams while de-emphasizing over-tricks...
Lightning Strikes Once. After three successive bad years, premium rates are due to rise again this year in most casualty categories. At the same time, the casualty companies are looking for other ways to offset losses. One is by reducing overhead; most companies are cutting office staffs, installing computers to handle paperwork, and working mergers with life insurance companies to improve profits. Most of all, they are pushing multiple-line insurance, in which a single policy covers everything from robbery to a ruined house. On the theory that lightning never strikes twice in the same place-or that investigators...