Word: premiums
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Dates: during 1950-1959
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...position to force a middle-sized producer to turn out a private label for his product for them at a lower price, or they will not buy from him at all. The real fear is that the supermarkets, in their increasing competition with each other, will put such a premium on profit margins that they will squeeze out more and more name brands to the ultimate harm of the consumer, who has benefited most from the new products that have been developed...
...Francisco, if a compositor works a minute past 6 p.m., he must be paid a premium night rate for his entire daytime shift...
INSURANCE EXPERIMENT by 200 California companies will reward safe drivers by cutting auto premium rates 20%. Reductions will apply to drivers without fault in accidents or who have no moving traffic violations (speeding, passing red lights, etc.) for three years; drivers with one accident or violation will pay current rates; those with two will pay 25% more than current rates; those with five or more will pay double normal rates...
...income-protection policies to cover the whole family, and liberally interpreting the policy clauses in paying claims. In the 40 years before Skutt's presidency Mutual paid out $250 million in claims. In his ten years on the job it has paid out $750 million. The rise in premium income was equally dramatic: $187 million last year, against $77 million...
George Wald, professor of Biology, last night was awarded the 51st award of the Rumford Premium of the American Academy of Arts and Sciences...