Word: unite
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Dates: during 1990-1999
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Calling racial tension in the University guard unit "a serious problem" for the College, Dean of Students Archie C. Epps III last week urged the Harvard Police Department to improve training and supervision in its security division...
Epps said guards have had a history of problems in dealing with undergraduates, and said he believed the problems were the product of inadequate "training and supervision" in the guard unit...
Despite being well cushioned, large insurers are also coming under scrutiny. Moody's Investors Service, a top Wall Street investment-rating agency, last week lowered the credit rating of Sears, Roebuck because of losses at its Allstate Insurance unit. The action took place just before Sears announced its decision to sell off 20% of the big insurance company in a spin-off of the retailer's financial units. Prudential Insurance, which injected $900 million in capital into its property-casualty division after it was hit with $1.2 billion in Andrew-related claims, was placed on review by both Moody...
...Farm, the largest insurer in the area, with 23% of the South Florida market, raised its loss estimates to $1.5 billion from $750 million. ITT said last week that it would take a net charge of $582 million against third-quarter earnings to cover losses in its Hartford insurance unit. Hartford's claims from hurricanes Andrew and Iniki total $95 million...
...company that invented such American-style trademarks as national merchandising, catalog shopping and even store-wide sales was that it was better at selling stocks, bonds, credit cards and insurance policies than it was at satisfying its core retail customers. Such financial ventures as its Coldwell Banker real estate unit, Allstate Insurance, Discover credit cards and Dean Witter are currently generating 90% of Sears' earnings, while income from its 860 retail stores has declined 33% this year. Rather than help Sears' growth, most analysts believe, the financial units only subsidized its failure to compete during the retail revolution that produced...