Word: insurancemen
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Drycleaning even by machine turned out to be no business for beginners. The plumbers, insurancemen, and merchants who set up shops found that almost every fabric posed a different cleaning problem and that customers expected them to take out spots and stains just like the more expensive professionals, whose drycleaning process takes 14 separate steps. Coin-op cleaning proved to be better suited for such bulky items as blankets and draperies than for men's suits and outerwear. Fulltime attendants (often required by local laws) sent up labor costs. Electric bills were high, and machines frequently proved unreliable. Clothes...
Spurring Skutt and Mutual on is the fear among private insurancemen that unless a free-enterprise way is found to insure the U.S. public against loss of income due to disease or accident, socialized medicine will take over. Flying more than 100,000 miles a year over Mutual's far-flung empire, and working six and sometimes seven days a week even when "vacationing" (as he was last week in Florida), Skutt has dedicated himself to proving that socialized medicine is not needed. The campaign is paying off. A few years ago the Federal Trade Commission took out after...
...Tear. Next only to insurancemen, Melvin Belli (University of California Law School '33) dislikes doctors most. He maintains that in malpractice suits the medical profession is a "conspiracy of silence"; few physicians, he declares, will risk testifying against a fellow doctor, for fear either of reprisal by medical associations or of loss of their own malpractice insurance. He got a measure of revenge in a 1949 case in which he appeared for an aging woman who charged that a specialist had promised to give her "the breasts of a virgin." The doctor, complained the plaintiff, had mutilated her instead...
FLOOD-INSURANCE RATES for homeowners will range from $1 to $12 per $100 of coverage when program gets rolling this summer, says Flood Insurance Commissioner Frank J. Meistrell. But insurancemen say that average rate of $5, or $500 for maximum $10,000 coverage on a residence, would be too steep for typical homeowner...
...possibility of casualties is not insurancemen's only war worry. Another: next year's higher income-tax rates will cut their new-policy sales and increase lapses. Many an agent had instructions last week to call on old clients, try to convince them they could pay premiums as well as taxes...