| Show 8F Sunday June The Salt Lake Tribune 5 1988 t For Your Information: Insure in Case Floppies Freak Out pay replacement costs for commercial software packages that are destroye& A new variation pays for the recreation of data stored on floppy or hard disks A personal computer owner who loses or damages the contents of a disk regardless of fault can use the insurance proceeds to hire an accountant to recompute the taxes or a typist to rekey a dissertation — provided hard copies of the material exist Another variation covers home banking reimbursing the owner if a thief breaks the electronic transfer code and empties a bank account "There's nothing uniform about it at this particular point" Schiff said "Companies are surely aware of what's going on But it takes time" Atlantic Mutual Insurance Co pioneered this kind of coverage three years ago with its Atlantic Master Plan geared toward middle- - and up By Karen Lowry Miller Columbia News Service NEW YORK — Blip! A power surge and three yeacs of tax records stored on a home personal computer are gone Until recently that meant a costly loss and a good cry ' But insurance companies are finally responding to increasing demands created by the burgeoning home- : : : computer market : ' "With computers finding their way into many homes the companies are going to come up with variations and new ideas that provide new kinds of coverage" said Sam Schiff of the Insurance Information Insti tute an educational organization supported by the $192 billion property casualty insurance industry Most insurance companies include computer hardware on homeowner policies either automatically or as a separate endorsement Some will : : ' households e "We're trying to tap into changing lifestyles" said Daniel H Ornsted marketing manager for Atlantic's personal insurance lines "Data recreation is a selling feature of the product" The plan pays up to $1000 per occurrence even if the data disk is left on the subway "We don't want to quibble with our customers" Omsted explained It also covers up to $10000 for electronic transfer loss John Sturm director of The Consultants and Entrepreneurs Group of the Boston Computer Society said is a feature that that data would have been welcome several years ago "Losing data is the problem that most people think about" he said Crum and Forester Personal Insurance is poised to enter this market Next July the New Jersey insurer will introduce two new product to the program" said Valerie Canady Aetna spokesperson The Connecticut insurer also opts not to cover the misuse of electronic transfer "We don't see it as a common occurrence" Canady said "The banks should have special safe- lines called the Classic Series One package will provide $1000 worth of data coverage and the other option $5000 worth Both packages feature $10000 in coverage for unauthorized use of a home computer for banking "We tried to determine what the public really needs and where trends are going" said William C Wares assistant vice president of United States Fire Insurance Co the property casualty arm of Crum and For- Home Insurance Co in Manhattan covers only the value of the software on its homeowner's policy with a endorsement up to separate a value of $5000 for the computer said Camille Gutmore spokesperson who declined to comment on future plans Some people in the computer industry label the new insurance variations bogus attempts by insurers to charge higher premiums "It's a ruse" said Alex Randall president of the Boston Computer Exchange the largest broker of used computers "It provides an illusion of safety that's dangerous because people won't take normal precautions such as using a good back-usystem" "I contend that most of the stuff a person has on a home computer can ster "I'm reasonably sure the other companies will pick up on data recreation" Schiff of Institute said "There's a demand for it It's just good business operation" Yet some insurers still need to be convinced Aetna Life & Casualty will not rethe imburse the cost of lost contents "We have no immediate plans to add this kind of coverage : : : - : : ' ' ' : - never be replaced" he added "$1000 is just a drop in the bucket" Epileptic Branded as 'Retarded' Gets Groceries for 6 Months Mr Ross his $50 a month in food stamps does not buy him enough groceries He has even shoplifted and been caught He said he'd never do it again and I believe him He wouldn't hurt anyone for anything Could you send him enough money for groceries? Even if it's only for a month what a treat it would be You'll not find anyone more deserving — Mrs CM Tucson Ariz Dear Mrs CM: In biblical times people would have referred to your friend as being possessed by a demon Society's view hasn't come far if now your friend is referred to as retarded when in fact he suffers from epilepsy The differ ence is day and night The check I'm sending you will provide groceries for your friend over the next six months Thanks for writing Dear Mr Ross: I'm writing regarding the letter about the grandfather who stole his grandson's piggy bank just to buy a drink A sad fact I must face is that cocaine brought me to the point where I staged a phony burglary for a lousy $70 in quarters My grandparents were saving the money for their annual trip to Reno Dear Mr Ross: I'm writing about my friend who's 44 and a severe epileptic His epilepsy is so out of control that he's not employable even at a sheltered workshop Because he was always considered retarded he was never allowed to go to a regular school He's no more re tarded than I am — he was overeducated for his illness He has since taught himself to read by listening to tapes and studying primers After many years in institutions he was finally set up in his own apartment He receives just enough Social Security Insurance to pay the rent utilities and phone bill I'm able to give him about $3 a week from clipping coupons with which he buys used books He has a library card but must be cautious about going out Twice he's been hit by a car while crossing the street during an uncontrollable Percy : Ross ser I think it was for the best that I got caught If cocaine brought me to the point where I'd steal from my family it's not for me Since then I haven't done any drugs and have been going to Narcotics Anonymous (NA) meetings My grandmother tells me you're a millionaire and help people in need If you offered me the $70 I stole I wouldn't accept it That's money I will pay back on my own Instead I ask that you print my story hoping it will help somebody else in the same situation — SB Tacoma Wash Dear SD: Substance abuse it's out there and growing by the day It turns what was once an innocent child into a thief just to sustain a habit It's dreadful and it's deadly Randall said the best move an in- policy without a special endorsement "It shouldn't be treated any differently from a microwave" he said Randall advises his clients against purchasing special insurance because of the rapid depreciation of the value of the machines So far the insurance for home banking and file contents covers only computer users who elect to buy a homeowner's policy package "It's too costly to sell this coverage separately" Atlantic's Omsted said "The premiums would be too high" Insurance for the value of the contents is still a long way off A writer nine chapters into the great American novel who lost a file not stored on a second disk and lost the hours invested to fulfill a contract — is simply out of luck "The best insurance for that is a soft pillow under the window so when you jump you don't injure yourself" Schiff said after Recently all the tools I owned were stolen I've been borrowing from friends but I don't feel right about the inconvenience I cause them MO is what I need to get back on track — 'LK Santa Rosa Calif Dear Mr IK: I give you credit for your mechanical capabilities If my life depended on it I could no more fix a car than I could perform brain surgery So yop got it pal $100 is on the way You may write to Percy Ross cio (Name of This Newspaper) PO Box 35000 Minneapolis Minn 55435 Include a telephone number it you wish Ali letters sent to Mr Ross are read Only a few are answered in this column although others may be acknowledged privately © 1988 PERCY ROSS Industrial Equity's shares were bought in the $7 to $8 range Between early April and early May Everest & Jennings shares shot from $9 to $12 each They have since settled down to the $1050 area Everest & Jennings Director Gerald M Jennings may have ridden IE's coattails a bit in April He bought 12212 class B shares late in the month paying an average $1075 each The buy boosted his holdings in class B to 624845 shares They have moved up since the buy and are trading in the $13 range presently Superior Industries shareholders must have felt as if they were on a roller coaster in late April The company announced it was discussing a possible business combination and the stock popped from $15 to $1938 On May 5 however the talks fell through and the stock fell sharply back to $15 Chairman Louis Borick picked up 10000 shares between April 10 and 11 for $15 each bringing his holdings up to 1353885 shares There are only 58 million By Bob Gabe le FCI InvestNet New Zealander Ronald Brierly's Industrial Equity is known to be a value player having numerous success stories under its belt It was a : big buyer after the crash picking up : over $35 million in US equities be tween October and year end : No guts no glory as they say and as a number of Industrial Equity's moves are paying off One winner was Steego Corp IE picked up its : buying pace here after October building a 2062941 share position by the end of March at stock prices between $3 and $4 The highest price paid was $449 a share for a big block of 710100 A May rally brought Steego shares to $575 each making even the big block profitable We can add Everest & Jennings : Intl shares to the box score Indus: trial Equity had picked up its buying pace here in October and didn't let up until it had amassed a 1692652- share position in the class A shares : by March A large portion of these ' : Off shares outstanding here In March the company increased its buyback plan from 250000 shares to 500000 They're cheaper now as the stock is trading at $1375 Good sales numbers out of Detroit have helped boost the prices of both General Motors and Ford lately As GM shares pushed their way to the high $70s three vice presidents let go of 1700 shares in the $76 to $7725 range Their timing wasn't bad as GM shares have backed off to area Ford Vice Presithe $72-$7dent Thomas J Wagner sold over half of his shares on May 11 He let go of 10200 for $4650 each reducing his position to 7364 There have been rumors recently that Brunswick Corp may be experiencing an LBO in the $32 range The company has strongly denied the tales and director Cornelius Ray's actions seem to imply the same As trustee of the Evergreen Trust Ray sob' 306076 shares for $2225 each He now reports holding 13000 3 1 - rii''''-!- '':1:: fN i k II '----- --- - : -- ACURA t - k- HAS BEEN - NAMED IX k THE 10 BEST CARS BY i "ROAD Sr k TRACK" ( - 44)--- -- ) - 41 1414 -- ----- - ftId ACURA i visrHAS BEEN : ' NAMED IN 4 THE 10 BEST BY "CAR ME" - ELSLIPPOlt Off I Inter-te- l & 485-110- 7 STATE OF UTAH ADVERTISEMENT FOR MODULAR ' Focus Toll Free in Utah s '' WIP110- c PROTEL Off I Inc Insider Trading Monitor s e - A04 Ail Systems by Post-Cras- h SUCCESS': 1 surer could make is to include hardware coverage under the general Thanks for your letter let's hope someone hears the message Dear Mr Ross: I'm a guy that does whatever I can to save money My greatest reward comes from fixing my car especially when you stop to consider the high prices that garage mechanics charge I feel a great sense of achievement and the grease under my fingernails always reminds me for a few days Distributed by Creators Syndicate 1 i all-ris- k p The author of this column is a Minneapolis millionaire known Internationally for his humanitarian and philanthropic activities Percy Ross' favorite pastime is helping others — by sharing both his money and his philanthropy with them "He who gives while he lives also knows where it goes" says Ross KEYS TO guards" Thanks a Million ' THE CLASSROOMS 111101 - Vtfw ACURA WAS a State of Utah Division of Facilities Construction and Management request all persons interested in leasing two (2) modular classroom units to the State to submit a proposal by 100 pm June 8 1988 Specifications are available upon request at this office or contact David S Finlinson Utah Schools for the Deaf and the Blind at (801) in Ogden Utah The shares Ray's not the only seller here of late Three additional insiders have recently dropped a total of 55488 shares in the $21-$2range In fact the last insider buy here was back on Dec 2 at $1225 each Brunswick shares are trading in the $2150 range these days 3 PROPOSAL DFCM8805-- IDENTIFICATION: Two (2) Modular 3 Classrooms Units MODULAR UNIT SIZE: Each Unit to be 32 Feet Long by 10 Feet Wide ER''' 1 ONE v CUSTOMER I kc DELIVERED TO: a One Unit to be Delivered to: Lakeview Jr High School 951 South 400 WestOrem Utah Du Pont (El) De Nemours & Co H Gordon Smyth vice president exercised an option tor 5378 shares between $4535 and $44 per now 6 and share on May indirectly and directly holds 12484 shares b One Unit to 685 kliiicreek be Delivered to: Red Rock School DriveMoab Utah LENGTH OF LEASE: One (I) Year With Option To Harry C Sager shareholder exercised an option tor 2800 shares at $4400 per share on May 8 and now holds directly 2288 shares Sears Roebuck & Co BY JD POWERS Renew Annually i OCCUPANCY: Robert Is Johnson vice president exercised an option or 6000 shares at an unreported price per share on April 26 and now holds directly 11347 shares SURVEY 1988 August MISCELLANEOUS: Facility must be accessible Facility must meet all slate State reserves the right to '''' to the handicapped and local codes The reject any and all "'''' o7f2' Insider Trading Please submit proposals to: Joyce H Milne Division of Facilities Construction & Management 4110 State Office Budding Salt Lake City Utah 84114 Telephone: Activity Summary Company Name Accum Dispose 12 21 4 6 Pont Sears Roebuck Du - 4 4Z0— 2' 1 t t - t LOCAL COMPANY SEEKS QUALIFIED LIFE INSURANCE AGENTS I c' v LOW COPY COST u CARD SIZE V 14 e0 6 t t os&-- AB copy 11)1 0 - l'7& t LABELS 0 0 0 c64''' ‘ i 1 ‘ s 1 Nk i I 1 - vt ' ' I i ARE YOU AN 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