Word: solvent
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Dates: during 1950-1959
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...insurance companies, growing out of last year's insurance scandal (TIME, Dec. 26), will put 34 more companies out of business. All told, under tough new laws, 94 of 1,313 insurance companies in state failed to meet financial requirements. However, policy holders will lose no money since solvent firms will handle their policies either through mergers or reinsurance...
Thanks to the millions of the fabulous Du Fonts who live and die there, Delaware is a very solvent state these days. It led off fiscal 1955 with a $7,500,000 surplus, piled up almost entirely by a $7,250,000 inheritance tax windfall from the estate of Industrialist Lammot du Pont, who died in 1952. Lately, however, alarmists in Delaware have cried that rising costs would put the state in the red by the end of fiscal 1956. Last week State Auditor Clifford Hall pacified his fearful fellow citizens, reminded them of the bittersweet fact that Industrialist Eugene...
...divided up some $145,000 in prize money, and spent much of it for motel rooms and the expenses of keeping overworked care and trailers on the road. Except for the top tournament winners, the lady pros count on added income from sponsoring sporting goods firms to keep them solvent...
...ideal solution would be enough scholarship funds to pay the full expenses of everybody who is admissible to the college and cannot pay his own bills. But lacking these resources, the University still needs to do some rethinking of outdated principles, and abolish the double standard of performance for solvent and insolvent students...
Last week, her decks awash with some 120 of the international set's most solvent globetrotters, the Achilleus set sail from Venice to tour the Isles of Greece. On her quarterdeck, resplendent in the blue-and-gold of what seemed to be the official uniform of a six-star admiral of the Nepalese navy, stood Elsa herself. "We're going to see Greece, and Greece is going to see us," she shouted as 50 cases of champagne were stowed away in the ship's hold. But, despite the wine, Admiral Elsa insisted, the Achilleus cruise...