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...fire and casualty underwriters, it has a particular meaning: a catastrophe is an event that causes insurance losses of $1,000,000 or more to a fixed property. And by that definition 1965 was a catastrophic year for the industry in the U.S. Altogether there were 13 catastrophes, the second-highest total in history; they included seven major tornadoes as well as Hurricane Betsy, which caused total damages of $715 million. Among losses not caused by nature were the crashes at various times of three new Boeing 727 jetliners involving insurance claims of more than $15 million. Thus...

Author: /time Magazine | Title: Insurance: Year of Catastrophe | 1/14/1966 | See Source »

...after distinguished service as an Air Force Deputy chief of staff in the Pentagon, Benjamin Oliver Davis Jr., 52, is heading back to South Korea, where President Johnson has picked him to be U.S. chief of staff (under General Hamilton Howze), and nominated him for promotion to lieutenant general, second-highest active rank in the Air Force...

Author: /time Magazine | Title: People: Apr. 23, 1965 | 4/23/1965 | See Source »

...floor leader, and between presidential election years he was generally recognized as the U.S.'s most powerful Democrat. By the time he accepted his party's vice-presidential nomination, he was probably the only Democrat in the country who could step down to the nation's second-highest office...

Author: /time Magazine | Title: Nation: Some Day You'll Be Sitting in That Chair | 11/29/1963 | See Source »

...determined attitude that Taylor has shown since he made his first appearance on the Watson ice early last fall. Just a year ago Taylor finished his first varsity season with an unspectacular total of seven points--one goal and six assists. Today he is the Crimson's second-highest scorer, behind Gene Kinasewich, and a member of the All-Ivy hockey team (second squad) and the ECAC tournament team...

Author: NO WRITER ATTRIBUTED | Title: Taylor, Augustine to Captain Teams | 3/15/1962 | See Source »

INCOME CUT was taken by Ford Motor Chairman Henry Ford II last year because of lower company profits. Ford was paid $462,500 in salary and bonus, down from $485,000 in 1959. Former president, now Defense Secretary Robert S. McNamara, was second-highest paid, with...

Author: /time Magazine | Title: Time Clock: May 5, 1961 | 5/5/1961 | See Source »

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