Word: premiums
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Dates: during 1960-1969
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...losses were due partly to huge damages paid on a rare combination of hurricanes, air crashes, U.S. race riots and oilfield fires. A deeper reason was that in those years, premium rates of much of the insurance business -with the exception of long-term life, which Lloyd's does not carry -were unrealistic. The rates failed to keep pace with soaring repair costs and the proliferation of bigger jet aircraft and giant oil tankers. "Inflation and technological revolutions all caught up with the underwriters," says Lloyd's Chairman Henry S. Mance...
There is no doubt that the SST, like the jets before it, will lure more passengers into the air. A recent survey conducted for TWA revealed that two-thirds of all passengers responding would prefer to fly supersonically, and 56% would pay a premium of $50 to do so on a 2,000-mile flight. Still, each SST will cost more than most airlines earn in a single year. Even now, the airlines are stretching the tight money market to pay for the new generation of subsonic jumbo jets and airbuses, and smaller lines only wish that the SST would...
...billion, he has become too rich and powerful to deride. Investment hous es seek Cornfeld's favor, and continental bankers have begun imitating his sales methods. Last week I.O.S. brought out its first public offering of common stock, and eager investors abroad bid the shares to a large premium...
...places a premium on "number one" votes and the surest way to get them is by appealing to a small but solid block of voters-often the residents of one particular area of the City. Though the City's elections are non-partisan, attempts are sometimes made to arrange electoral coalitions. The Cambridge Civic Association (CCA), for example, encourages its supporters to give all their votes to endorsed candidates pledging to follow its "good government" politics. Yet each of the CCA councillors-who always number four-can be identified, without too much difficulty, with one or more particular blocs...
...market for skills; the low birth rate during the Depression has created a shortage of men between 30 and 40 years old. Companies are forced to promote younger and younger men to fill the ranks of middle managers. In addition, the tremendous changes in technology have put a premium on up-to-date education, and that also favors young...