Word: tolls
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...unchanging aspect of the seasons in war-ravaged Bosnia- Herzegovina. As Muslim authorities announced an official death toll of 14,364 for six months of war, even soccer fields, like the one pictured in Sarajevo, were being converted to graveyards. Last week the U.S. State Department revealed evidence of yet another massacre by ethnic Serb forces of some 3,000 Muslims in the city of Brcko last spring. The approaching winter could exact a far worse toll. U.N. relief officials warned that as many as 400,000 people in Bosnia could die of exposure and starvation. Said Cedric Thornberry, civilian...
...reserves arrived in convoys of motor homes. Others flew in from as far away as Alaska and California. Since the storm had knocked out telephone lines, Allstate rushed to set up its own communications system, consisting of 80 shortwave radio units, 850 pagers, 173 cellular phones and a toll-free number. Allstate expects to pay out $1.2 billion to cover more than 121,000 damage claims as a result of Andrew...
...been hit with more than $8 billion in Andrew-related claims, making the hurricane the most costly single calamity to strike the industry since the San Francisco earthquake and fire in 1906 (cost: $6 billion, after inflation). With claims continuing to pour in, Andrew threatens to take a painful toll on the already battered property-casualty insurance industry and its 100 million policyholders. The final bill, analysts predict, is likely to top $10 billion. While most well- capitalized insurers are expected to weather the storm, less anchored firms are in danger of being blown away, leaving consumers stuck with...
...FIRMS HAVE been widely shunned by most investors. In the past fours years, the industry has had to pay $28 billion in damages, including $7 billion in 1989 after Hurricane Hugo and the San Francisco earthquake. So far this year, insured losses have totaled a record $13 billion. The toll from Hurricane Andrew alone has already exceeded $9 billion. So who would want to buy into an insurance company? Try Sanford Weill, chairman of Primerica, the New York City concern best known for its Smith Barney brokerage subsidiary. Weill agreed to invest $550 million for a 27% stake in Travelers...
...that's big stuff," says economist Sinai. "Instead of 3.3%-a-year rises in defense spending in real terms, we're going down in defense 5% a year." Besides letting huge clouds of steam out of the overall economy, the military build-down will take a huge personal toll on displaced workers. Says labor expert Lacey: "The people who are being jettisoned by the U.S. defense industry form a particularly tragic group in the U.S. work force right now. Some are high-wage production workers, roughly analogous to ex-autoworkers. As a result, the odds of their finding commensurate...