Word: unisex
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...York last week, a seminar on the New Music drew 3,000 registrants, triple last year's attendance, when the sounds were still percolating in urban clubs. Along with performers sporting exploded haircuts, leather earrings and unisex makeup, the execs celebrated rock's sizzling summer with predictions about an even more lucrative fall. Said Organizer Tom Silverman of independent Tommy Boy Records: "People are all psyched up here. It's a changing of the guard. Instead of preaching, even the white-beards are listening." What they are hearing right now is bound to keep their toes...
...young drivers spend more on auto insurance. Industry officials warn that if insurers must set the same prices for all, the result will be a rate free-for-all that could make certain high-risk groups, like male teen-age drivers, uninsurable. Moreover, they contend that converting to unisex could cost the industry billions in added liabilities and administrative expenses. "The near-term jolt will shake the insurance and pension systems to their foundations," says Daniel McGinn, an official with the International Foundation of Employee Benefit Plans. "And the long-term impact could be disastrous...
Alarmed by the recent passage of a state unisex insurance law in Montana and moves to enact similar legislation in twelve other states, as well as at the federal level, the industry has begun an effort to influence legislators. Last week, in a full-page advertisement in major newspapers, the Health Insurance Association of America and the American Council...
Life Insurance urged readers to ask their Senators and Congressmen to vote against unisex insurance bills. Said one congressional-committee staffer: "It seems like they're really pulling out the stops...
...rests its case on figures showing, for example, that a 40-year-old woman pays $262 a year more than a 40-year-old man for equivalent medical coverage, or that a 65-year-old female retiree gets 10% less a month for the same 30-year annuity. Unisex insurance supporters have different complaints about different types of coverage. The three major programs...