Show 4k4V"44 wv04W1egaU-Aa!A- a : - I 0 13 Mir II gatt gaffe Ztibunt 1-1- t I es s 4 t 1990 11 Sunday Morning—November t ' Section F Page 1 MOM Up and Down the Street II Time- - life CE History will prove corporate management of the 1970s and 1980s was the worst management ever in the United States That is the blunt assessment of Joseph J Ward president and chief exPublicaecutive officer of Time-Lif- e tions Inc who says the real reason Japan has surpassed the US economically is that Japanese business recognizes people are more important than the bottom line "I'd like to debunk the myths that the reasons for the Japanese success have to do with cheap labor the Asian mystique or a special acumen for business" Mr Ward said in an Pro TI lt- I Says Firms Stress Cash Not Ethics ! ovi - Pit - Paul 2few - Roily — Busineee Editor resources and dedication to quality" Mr Ward blamed the stagnation of American progress in the global economic framework to a corporate mentality fostered by US business schools during the 1970s and 1980s that ignored the concept of ethics "It was the corporate managers and business school products of the 1970s and 1980s that gave us the concept of the leveraged buy-ouhe said "It was those managers and business school products that gave us the savings and loan crisis" Buying on leverage and putting corporations in unprecedented debt positions and acquiring companies t" interview with The Salt Lake Trib- une "The real reasons for their success have to do with principles that Amer lean businesses seem to have lost sight of teamwork effective use of Study Shows Rates - For hisitrance in Utah Competitive ct Joe 1) Rolando Mr Webster said the comparisons also indicate "it might pay" for Utahns to do some shopping rather than buy their homeowners and auto Insurance from the first agent they call ' But an insurance policy's premium shouldn't be the only factor considered by consumers said Mr Web sten "They should consider the service of the company the agent and the financial stability of the company and whether or not the claims are paid in a timely and fair manner" he added 1 Towards that end the comparisons include for each company a ratio of complaints they receive for every $100000 of premium they write their loss and expense ratios and the combined loss and expense ratio Generally the loss ratio reflects claim losses paid compared to premiums earned The expense ratio is administrative expenses compared to premiums earned If the combined loss and expense ratio is more than 100 percent that means the company has paid out more for claims and expenses than it collected in premiums For example a combined loss and expense ratio of 115 percent means the company paid out $115 for every $1 it received in premium The insurance department pre pared the comparisons in compliance with a law sponsored by Sen Ine R Beattie Sen Beattie told The Tribune the law emerged from a senate and Sen Beattie said the task force studied the accusation that torts and high claim costs contributed to the rising cost of health care He said it also studied the impact of torts on property and casualty insurance which includes coverage for homeowners and automobiles The state insurance department did a similar comparison of homeowners and auto rates last year said Sen Beattie But the task force wanted an expanded comparison that included loss and expense ratios Sen Beattie said "The purpose behind it is to show with the charts the top companies in the state and see whether their rates are in line with their costs and other factors and to find out if they contribute to a competitive market" The senator said he likes how the comparisons were presented "It's important that people read the opening statement in the brochures that contain the comparisons that in essence says that indeed they have to use a great deal of caution in purchasing insurance because every circumstance can differ And if they're paying the maximum premium they'd be wise to check other in- $80000 hsurance Exchange Hartford Insurance Co of the (AARP) Liberty Mutual Fire Insuranoo Company Milbank Insurance Company Phoonb: Insurance Company Prudential Pmporty & Casualty Ins Co Seem Insurance Company of America Standard Are Insurance Company The State Farm Fire & Casualty Company Transamerica Insurance Company United Pacific Insurance Company United Service Automobile Association (USAA) Utah Farm Bureau Insurance Company Western Home Insurance Company Vanguard Insurance Company Mid-We- st $150000 Brick Fmmos $233 233 $199 192 233 250 5 185 228 Fire - The average corporate executive in Japan for example makes three times what the average wage owner in his company makes Mr Ward said "The average corporate executive in the United States would be embarrassed if it was revealed how many times more he makes than the average employee in his workforce" Such discrepancies bring an "us against them" aura in the workplace and create dissension and poor production Mr Ward said in Japan teamwork is stressed as the top priority in the See F-- 6 Column 1 - Policy Beginning July 31 I 1990 ar Allstate Insurance Company Boar River Mutual Insurance Co Farmers Home Mutual Insurance Co Farmers Insurance Exchange $372 364 449 493 444 347 433 419 426 435 388 445 442 450 439 382 425 396 413 271 284 256 205 260 238 201 241 214 226 220 236 235 218 236 262 254 270 271 252 236 216 248 239 201 216 206 210 241 Com plaint Ratio pm $150000 Loss Ratio 100K Written Frame premium - 666 434 725 772 840 750 090 117 140 066 000 000 503 447 512 509 522 439 1453 758 1084 630 952 700 270 731 006 000 000 000 165 411 488 459 475 236 430 S28 293 293 286 352 422 468 450 329 538 308 468 425 1007 210 481 Ratio --- 055 168 $436 402 520 559 504 386 498 495 Combina1 Loos & Expense Ratio Espana 1043 594 1061 711 880 576 742 MO 127 1243 1096 - 962 1018 I065 1126 1805 1180 1552 1080 1281 1238 1351 1062 1486 195 906 433 424 270 1313 1000 1012 - - : f ' 1 3250 deductible Home owners rates reflect fire protection dass of one through six Cities in these classes include Logan Bountiful Vernal Price St George and Logan Coverage equivalent to Homeowners Form 3 $100 deductble Coverage Includes personal habikty Wit of $100000 No crecounts or special avow° included 'tribune Gtophics IN Dennis Green AU'TO' : I ' -- ' ' - Poll Mee Age 20 AND pREFERREDAuTo INsuRANDEDampAN0 Aetna Casualty & Surety Co Allstaie Insurance Co Bear River Mutual Insurance Co Farmers Insurance Exchange Government Employees Ins Co (GE100) Horace Mann Insurance Co Iberty Mutual Fire Insurance Co Nationwide Mutual Insurance Co Nationwide Mutual Firs Insurance Cc) Phoenbc Insurance Company Prudential Property & Casualty Ins Oa Stale Farm Mutual Automobile Ins Cc) Uniled States Automobile Association (11SAA) Utah Farm Bureau Insurance Co Utah Home Fire Insurance Co 11014 STANDARD Auto INSURANCE 'cciivipAkil Allstate Indemnity Company Dairyland Insurance Company a rd 981 894 "GlB 759 690 1077 1027 742 712 - 1122 1108 1272 1310 !m:ii: $330 234 219 213 252 272 "3641 417 487 570 649 427 49 "779 978 Age 37 $521 517 "779 1ii::::ii::: Moe Of FMIlle mgaz 881 818 866 776 Married Sin0111 685 535 482 513 504 1048 $1611 Guaranty National Insurance Company Mid Century Insurance Company Progressive Casualty Insurance Company State Farm Fire and Casualty Insurance Co Incicates izugz $ Befinnini Fsmaie Age 2 :w''$ 943 0 6 los Single 8TANDARD - - ' Six-Mon- th surance companies" Sen Beattie said if the comparisons were done annually it is conceivable that companies could increase or lower their premiums immediately after they reported their results Thus be said the comparisons should be regarded merely as "something that gives direction" to consumers "but are not ironclad" as far as accuracy Mr Webster said in collecting information for the homeowners and auto surveys the insurance department asked the companies to quote an average risk in various cities or towns in Utah (See detailed explanation below each comparison chart) However Mr Webster said that the comparisons listed certain insurance companies should not be construed as a recommendation to purchase a policy from that company Copies of the premium comparison brochures are available at the Utah Insurance Department State Office Building Room 3110 Salt Lake City Utah 84114 One-Ye- Brick For Auto Home Premiums house Tort and Insurance Task Force that met for two years and which be chaired the last year He said Sen Le Ray L McAllister ItOrem chaired the task force the first year - - - 1985 took over Time-Lif- e Publications in Europe when that operation was on the brink of collapse He then turned it into one of the most profit $80000 It May Pay to Shop Around Comparisons of auto and homeowners insurance premiums compiled by the Utah State Department of Insurance to comply with a new state law show there is a competitive market in the state for those kinds of insurance plans That's the assessment of the insurance department's Brent W Webexaminer He ster market-condunoted the comparisons included only the top 20 insurers in auto and homeowners insurance based on their premium volume in the state - orable operations in the Time-Lif- e ganization Mr Ward was in Salt Lake City recently to address a conference on "Doing Business in the New Europe" sponsored by the University of Utah Business Alumni Association "The business schools in recent years have turned out unfeeling people who were not taught the value of human beings in the corporate setting" Mr Ward said "The business schools need to bring back the concepts of respect and fairness and teamwork the things that made America great" then stripping them to the bone and laying off thousands of employees became the name of the game especially by the 1980s said Mr Ward "If that mentality doesn't turn completely around" Mr Ward said "and if corporate managers do not become more sensitive to their workers and to the concept of fairness and teamwork American corporations will not survive in global economy of the 21st century" Mr Ward a former Utahn in Jul- Female Age 66 zazzal' 234 021 "208 079 )308 018 000 063 199 252 259 240 230 216 208 292 ii 840 978 754 1340 780 $ 438 462 504 539 412 393 lalflp::ii:: 194 281 :i::::::::x:x::: ' told Rstk) Per 100K Viridian Loss Ratio Premium $267 321 0 : : ' SO 3111990 MatTied Male or 331 278 243 260 259 262 ::: ! 241 '262 i3':'k :::i?::::::::-::- 1083 522 999 533 554 754 512 77 2 802 ::::i:::::::::::-' $ 433 480 504 539 1412 372 753 747 710 690 51 207 249 ' iii4iiiiiifs 000 315 016 000 019 zagazzi 465 269 303 369 129 280 188 221 221 449 359 358 329 344 59 651 656 569 787 1218 1016 1013 1059 1212 :'' ' 805 1187 754 775 82 1301 742 679 ' Remo ' 1 1203 871 1130 '! 884 - 1130 403 ':i:4:i:i:::ii::?i: ::i-:4::::if::ii:ii:i::::::- 291 Loss & Expent Ratk) 'i!aiizzizm:-41a2:zi 059 036 123 007 000 030 093 251 °crabbed 4mm 252 297 355 290 373 358 994 976 1006 946 9412 1145 company that writes prinuuily high risk drivers or special typee of automobiles "3100000 comprehensive coverage "120000 deductible collision coverage $25000 deductible comprehensive coverage standard and garaged In Salt Lake County No discount or Rates assume driver has dean driving record Drives less than 3 miles per day on average Vehicle is special coverage Coverage limits quoted: bodily injuri - $20000 per person $40000 per accident property damage $10000 per accident uninsured motorists $20000 per person $400001 per accident personal injury protection - basic benefits comprehensive $50 deductible COnigiOn $250 deductible AIIIIIIINCIaleiMr Overpopulation Woes Should Concern Rich Poor Alike Minneapolis millionoke Percy eon is Internationally known tor his philanthropic works ond likes to encourage others to help solve problems tot Mom in need He hos earned a fortune and a wealth at knowiedge during Ni lifetime and wants to skim bosh before his death His CliS0 motto It lie who gives while he lives knows where It Fee Mr Ross: Why can't you give your money away but keep your big mouth shut while you are doing it? That slanderous remark to the woman who needed shoes for her nine children made me see red I got so mad Who are you to tell anyone how many children they should or shouldn't have? Children are a gift from God for which no one needs your stamp of approval I'm assuming she and her husband are good practicing Catholics who I might add are the backbone of America I too am Catholic and observe the church's views on birth control Neither you nor anyone else d needs to impose his or her ideas on the rest of us who are truly living the plan set forth by our half-bake- heavenly father If I want to have 29 children that's my business and nobody else's And if I did have that many children I think it would reflect my willingness to sacrifice and certainly not my selfishness In the future if you can't keep your big mouth shut when you help someone then don't bother helping them at all — Anonymous Santa Ana Calif Dear Person Who Lacks the Courage to Leave A Name: You're right — who am I to say how many children a person should have? However I have a valid concern In that ourmagnificent Earth is quickly losing its splendor Our natural resources are depleting and pollution is so rampant that at this rate one day the Earth may not be Inhab- itable What will we leave for our future generations if we continue to overpopulate the world? Landfills that won't decompose lakes filled with toxic waste and an atmosphere unfit to breathe? You think having as many children as a woman's body Percy i Ross V) 1 4 Thanks a Million will bear is not being selfish I beg to differ — I think it's a crime against nature Dear Mr Ross: After reading your column I thought you might be just the person to help our fire department I'm on the board of directors for the Big Sandy Fire Department an department in rural Boyd County Ky We are made up of less than 25 individuals both men and women who are dedicated to protecting our small community Although we do get a little funding from the county it is not enough to buy the supplies needed We are currently in great need of fire gloves and various gear In all our need would cost less than $500 If you would help us it would save our board members endless hours of making apple butter and holding bake sales to earn money At the same time it would help our fire department better serve our community Thank you for any consideration — Mrs IL Catlettsburg Ky Dear Mrs L: A person would have to make one heck of a lot of apple butter to raise $500 In a small community I can understand why you wrote me However I wouldn't raise the hopes of your fellow volunteers just yet Wait until you get my 8500 which was just mailed by my editor with the speed of your BSFD responding to a five alarm fire Good luck to the men and women who serve the Big Sandy Fire Department May you never have to respond to another fire or make apple butter again so you can become the laziest volunteers in history Dear Mr Ross: I never thought in a million years I would be writing you for a hand The company I worked for went under last March I have a handicapped wife and four kids (two still at home) I've had to tap dance and juggle to make ends meet I know this is common and I accept it Here's the problem: My oldest daughter got married last month a small but nice little wedding She saved her money and paid for it I'm proud of her She's a great girl We had to pawn my wife's wedding ring and my grandfather's watch to go to the wedding We had just enough to drive up and back plus buy my wife a dress We had no wedding gift to give them and no money to buy one We're maxed out So my wife made up a he and said we bought them some luggage and it would be coming soon My daughter would understand if we didn't get them a gift but we don't want her husband and new to think we are flakes not for our sake but fur our daughter's I started a job this week but it will be months before we're out from under in-la- and there's nothing left to hock -believe me I need a check to cover four-piec- e the cost of a medium-price- d luggage set I don't want to send a cheap one Looking cheap is as bad as looking like a flake If you can help me you will have my gratitude for guilt is as bad as hunger when it concerns your kids — Mr 'LW Augusta Ga Dear Mr W: I've always said "There's only one thing worse than a cheap flake and that's a liar" Well I have no Intention of making you and your wife either of these I can't excuse your wife's lie but who knows — maybe I would have done the same if in a similar situation At any rate you're off the hook My check to purchase a set of luggage is on the way You may write to Pwcy Rou co (The Sc g Lake -- Mame) PO Box 35000 Minneapolis Minn 55435 Include a telephone number if you with MI letters sent to Mf Ross are read Only a few ate answered in this column atthough ottwok may be acknowledged privately 1090 PERCY ROS5 retti)uted by Creators Syndicole f ipmO4110S4107pdilINAIIPMA 111414010111111010e4AM11 V1"1111 - I |