Word: premiums
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...studded tires cost $8 to $10 more than other snow tires, so far constitute less than 1% of all replacement tire sales, and are expected to remain in the limited "premium"-or high-priced-market for years. But the prospects for conventional snow tires seem unlimited, despite the fact that they are a regional and seasonal accessory. In suburbia, they have become as necessary as the second car or the power lawn mower. Many communities are so sold on their performance that they levy fines on any motorist who gets stuck in snow, blocks traffic, and is found to have...
...McCloskey, 71, former Democratic National Committee treasurer and Ambassador to Ireland under John F. Kennedy, who was then angling for the contract to build Washington's $20 million municipal stadium. McCloskey, said Reynolds, made the payoff by handing over $35,000 more than he had to on the premium on a performance bond for stadium construction...
...shady character, he produced some impressive documents to support his story: 1) an invoice in the amount of $109,000 sent to McCloskey by Reynolds, 2) a check for $109,000 sent to Reynolds by the McCloskey company, and 3) a bill for only $64,000, the performance-bond premium minus Reynolds' regular $10,000 commission, sent to Reynolds by the insurance company for which he was agent...
What goes on is a flow of innovations that have raised premium income to a record $1.5 billion. Travelers established its own weather station and research center in 1955, geared casualty insurance thereafter to better information on storms and industrial-accident causes. It was first to introduce monthly budget plans, and it writes 25% of all package-plan insurance sold in the U.S. Travelers' fastest-growing division now is group insurance, which the company got into in 1866 when it wrote a policy covering every member of the Baltimore fire department with $1,000 in life insurance. This year...
...type of regular men's ski pants will be offered with a higher waist and either straps or suspenders. These styles are mostly for racing purposes, where maneuverability is at a premium...