Word: premiums
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Dates: during 1960-1969
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...Kemper Insurance Group outbid nine other companies for the policy to cover Indianapolis' 123 schools against fire, vandalism and other risks. The school board paid its $126,000 annual premium and had only one major claim-$101,000 for windstorm damage. Last week the board was searching for new coverage. Kemper announced that after the Indianapolis policy expires on March 1 it will not be renewed...
Schools in New Brunswick, N.J., hard hit by vandalism and racial turmoil, were forced to close for a day last October when Chicago's Continental Casualty Co. refused to renew coverage. Elsewhere, premium rates are rapidly inflating. Atlanta's school fire insurance costs rose from $60,000 to $200,000 last year. Nolan E. Allen, business manager of the Indianapolis school system, wonders about the reasoning behind insurance. "A company says that it wants to take care of you when there is a risk," he muses. "But when you do have a risk, it says goodbye...
...conquer mankind through Hollywood. Now only 29, she has enjoyed extraordinary success. Her brooding, aquiline face and brimming, arabesque body (37-22-35) have launched thousands of picture spreads. The mere mention of her name (or the sight of it, in endless Laugh-In balloon gags) is high-premium chuckle insurance for every TV and nightclub humor writer in the land. After 15 films that range, except for Bedazzled, from unintentionally risible to just plain awful, she is worth more than $4,000,000, earns about $950,000 a year. Even more astonishing, she has succeeded in becoming...
...With all those people and the physical nature of the course. there is a premium on getting out fast." McCurdy said. So it is likely that the top five Crimson runners will try to be out front early. "I just want to try to stay up as far as I can as long as I can," Colburn said...
...basic protection plan would cut insurance premiums, Keeton claims. At present 23 cents of every premium dollar goes to court costs and attorney's fees. For example, the average settlement in cases under $100 ultimately costs the insurance company more than seven times that amount due to lengthy and complicated court proceedings. The Keeton plan, which settles cases without regard to fault. would largely eliminate that expense, he said...