Word: pricing
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Dates: during 1960-1969
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...only price...
...states have "assigned-risk" plans, requiring every insurance company to accept a quota of castoffs, whom they sometimes charge 150% above standard rates for minimum coverage. For some accident-prone drivers, even that price may be a bargain, but insurance companies have been so fast and loose about canceling policies that many of those dumped into the assigned-risk pool do not deserve it. In 1964-65, for example, almost 70% of New York's assigned-risk drivers had clean driving records...
...ward off that result, more state commissions are holding public rate hearings, denying premium boosts and ordering insurers to specify their reasons for cancellations and nonrenewals. But none of this will lower the price of insurance. As cancellations decrease, the industry will find itself handling more high-risk drivers and paying out more in damages. To reduce their losses, they will be forced to raise premiums still higher...
...Yogi-who bills himself as "His Holiness"-opened his New York pitch with a press conference, at which devotional attention was paid to the $3 price of admission to the Garden. What if a spiritual devotee has no scratch? "I'm quite sure," meditated the Yogi, "that in New York, $3 will not be beyond the reach...
...Richmond, the Virginia Museum of Fine Arts named the tall and stately Mrs. Brown "Collector of the Year," an award bestowed by the museum's enthusiastic society of collectors on their exemplars (past titleholders: Virginia's Paul Mellon, Chicago's Leigh Block and Cinemactor Vincent Price) in return for a chance to view some of the collec tor's prizes. For her turn, Mrs. Brown put on exhibition 78 prints, drawings and watercolors and 25 books depicting British military uniforms from Henry VIII to George V, selected from her martial collection, which has now grown...