Word: renewably
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...some American viewers, that no longer seems such a wild exaggeration. They have been filling the air with complaints that auto and property insurers, though they usually pay off if pressed, often turn around and penalize claimants by canceling policies, refusing to renew them, or raising premiums so high that the policyholder in effect winds up paying for an accident himself...
...policy and had a spotless record for 20 years. Three years ago he switched to Royal Globe Insurance Co., and since then he has collected $2,275 on three claims-two for water damage caused by heavy rains, one for a robbery. This year Royal Globe refused to renew the policy. After Tobin's agent made a personal appeal, it renewed, but for only one year, and it raised his deductible from...
Some states have lately begun to forbid property and casualty insurance companies to drop a policyholder for three years after he suffers a loss or accident. Going further, Metzenbaum is considering federal legislation forbidding insurance companies to cancel or refuse to renew policies unless a person runs up a long record of claims for mishaps that are his own fault. That would help to still the protests and make claimants feel that, whatever their bad luck, they were at least getting a fair shake...
They have chosen not to renew the five year contract President Bok established for Housemasters...
...View Farm near Ocala, Fla., into a world-class racing stable. A half dozen years after its birth in 1958, Harbor View be came racing's second top money-winning stable (after Wheatley), but the purses dried up with Wolfson's conviction. Reason: some states will not renew the racing license of anyone convicted of a serious crime. Wolfson felt that his crime was not sufficiently serious, but after a friendly New York racing-board member warned him that his 1969 application would be rejected, Wolfson chose not to apply. He stayed out of racing until 1971, when...