’ag«i|
1, m
state
n •
i 4 .^' Corps members Paul Hastings
|P senior from San Antonio, Jessie Little
liven* ( center )’ a sophomore from Dallas and
David Smith (right),a sophomore from
New Orleans, try to talk Mary
williams, a junior from Amarillo into
Running for charity
(left).
staff photo by David Fisher
v.A.vrr
running in the Jog-a-Thon for Muscular
Dystrophy. Sponsored by the Corps
of Cadets, the charity event begins
Sunday at 8 a.m. at G. Rollie White
Coliseum. The three-dollar entry fee
goes to help fight muscle diseases.
exas car insurance
pto rise 14.8 percent
1 ! ' ‘ i* United Press International
AUSTIN — The State Board
-^Insurance Tuesday approved
DTICE S262 million increase in auto-
A&M insurance premiums, re-
UDEN’^' 11 ^ a re S uest from the insur-
iTice industry Tor a rate boost
' J^ore than double that amount,
a ' t ' n K a higher incidence of
dothetiffhc accidents and tlie rising
f>Sts of auto repair and medical
Educator the industry’s trade group
\ct oi linked for a 33.2 percent increase
y infonriiat would generate $584 mil-
c unle'.ion in additional premium re-
ithholc 'enues.
Those ligures are based on
premiums paid for basic liability
coverage, $250 deductible colli
sion and $50 deductible com
prehensive.
Central to the case was the
amount of pre-tax profit the
companies would retain from
each premium dollar and the
prospects for investment re
venues in the future.
The insurance board staff re
commended that the companies
should be allowed a pre-tax pro
fit of only .26 percent. The in
surance companies had argued
for the reinstatement of a profit
allowance of 5 percent.
The board reduced the profit
allowance from 5 percent to 1.8
percent in 1981 because of the
large investment income being
earned by the companies.
The board’s decision to re
duce the profit allowance furth
er to .26 percent reflects its be
lief that investment income will
grow despite declining interest
rates.
Battalion/Page 7
September 1, 1982
AUTO INSURANCE
FOR AGGIES:
Call: George Webb
Farmers Insurance Group
3400 S. College 823-8051
energy]
saver |
SENIORS
If you’ve co-oped at least twice and are graduat
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submit a resume for the
CO-OP RESUME BOOK
Follow guidelines in summer newsletter.
DEADLINE: SEPT. 10
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OPERA AND
<
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QL For
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However, the board
ind p!a'^P rovet ^ a l ate increase of only
-tudy7 4, 5P ercent -
cognize:/ Ibe cost oi a no-frills insur-
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awar&tor a Houston driver, $39 for a
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or insW,
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(^SOCIETY