Word: premiums
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Dates: during 1970-1979
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...because he works for Allstate Insurance Co., reports: "After an 18-year accident-free driving record, I put in my first claim this winter, for $350. I was not at fault; someone skidded into me on the ice. Now my insurance company [not Allstate] is going to increase my premium...
...economy is still absorbing the impact of another recent Barre move: increases of up to 20% in the prices of natural gas, electricity, rail tickets and other government-supplied services. The cost of mailing a letter inside France went up from 22? to 26?, and this week premium gasoline will rise 10.7%, to $2.20 per gal. By charging more for services, Barre hopes to shrink the government's inflationary $4.3 billion budget deficit...
...most vocal complaints come from farmers, who have a visceral attachment to the land. They are torn by conflicting feelings about foreigners who offer premium prices for their acreage. Farmers often sell out, only to wind up leasing the property back from the new, absentee owners and working for them as tenant farmers. When farm children grow up, they must sometimes seek other occupations, because land prices are so high that they cannot afford the life their parents led. Complains Vernon Conrad, vice president of California's Fresno County farm bureau: "Buying by outsiders is taking away the family...
...each. Even having a guard dog requires a major investment: a trained German shepherd sells for $5,740, and last year Italians bought $7 million worth of them. Though kidnaping insurance is banned by law, many industrialists carry "K" risk policies written in Britain and West Germany (premium: $40,000 a year for $1 million coverage...
...economy in which wages, prices and even the kinds of goods available are set by the state. For instance, the "official" cost of an item can remain stable for years, but the product may be available only on the black (or gray) market and at a substantial premium...