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Show Page 4 Sugar House, Utah Thursday. November 28. 1957 INDEPENDENT Local Ladies Visit Tooele ' Several members f the Ladies Auxiliary of the .Fraternal Order of Eagles chartered a bus and mo-tored to the State Visitation of the Tooele Auxiliary, held Mon-day evening, November 25 at the Tooele Aerie Home. Refreshments were served and door prizes handed out to the visit-ing Sisters, who came from other Auxiliaries throughout the State. This was the last of the fall visitations,, and the Sisters were reminded that visitations will be-gin again in the spririg. . MAY VER YOUNG " ' iuOHU.MVLS uve Accident Claims Force fluto Insurance Up "Motorists in the eight western states, along with most other states, face higher charges for . automobile liability insurance in 1953." This view of the outlook for automobile insurance rates was given to the public today by the National Bureau of Casualty Un-derwriters, a rating organization with a membership of 122 stock companies writing casualty insur-ance. "The outlook is based not on opinion, but on stern economic facts," the Bureau stated. "Reluc-tant as the insurance carriers are to seek higher rates, there is no alternative. As inflationary pres-sures continue to push up the costs of settling accident claims incurred . by insured motirists, rate revisions during 1958 will involve increased. In many states, rate increases have already been approved by super-visory authorities that will af-fect a large part of the volume of business written in 1958. Underwriting Losses Severe Mexico 33.3 years and of India 28.6. The difference lies chiefly in the health facilities available, as well as such factors as better nutrition and living conditions. Answer to Question No. 3: 3. It is a test by a doctor to determine if a person is allergic (sensitive) to various substances and to what extent. A small piece of surgical cotton to which . the substance has been applied is attached to the patient with a pad held in place by an adhesive "The rise in automobile insur-ance rates will not be halted until the present trend of average claim costs and claim frequency is re-versed. Motorists cannot exercise any control over the inflationary forces that have gripped our eco-nomy. But motorists collectively have it within their power to con-trol the number and severity of automobile accidents; unfortun-- i ately, it is a power that has large-ly gone unused. Postwar Experience Adverse "We have had an inflationary economy ever since the beginning of World War II. First it was a creeping inflation! Then after the Korean outbreak it became a gal-loping inflation. More recently its pace changed; again, it is the creeping type." Contrary to general belief, auto-mobile liability insurance has been underwritten at a loss by member companies of the Nat-ional Bureau of Casualty" Under-writers in the aggregate since the end of" World War II, the Bureau said. "During the postwar period of 11 years from 1946 to 1956, inclusive, an aggregate underwriting loss of 3.9 per cent on automobile bodily injury and property damage lia-bility combined," the Bureau sta-ted. "This means that automobile liability claim costs and expenses amounted to $103.90 for every $100 of premiums earned, or an aggre-gate underwtiting loss of almost $250,000,000 over the 11-ye- ar per-iod. Losses Outweigh Gains "Because automobile liability represents a large part of the cas-ualty insurance premium volume, the aggregate underwriting loss for that line of insurance out-weighed over the 11-ye- ar postwar period the aggregate underwriting gains from the four other major Bureau lines general liability, burglary, glass, and boiler and machinery insurance. As a result there was an average underwrit-ing loss of 2.1 per cent or $2.10 for every $100 of premiums earn-ed for all five Bureau lines com-bined. "While moderate underwriting profits were realized on automo- - i !Answer to Question No. 1: 1. Children as young as 16 nonths are sometimes fitted for lasses. The glasses, equipped vith unbreakable lenses, must e checked frequently to se'e that he frames are not bent and that hey are large enough to allow 'or the child's growth. Answer to Question No. 2: 2. It depends on where they live. According to statistics pub-lished by the United Nations, persons born in the United States, Canada or France have the longest life expectancy (68.3 ears, 67.2 and 65.3), whereas ihe inhabitants of Egypt can nly anticipate 38.6 years, of strip. The appearance of the skin is observed after removal of the patch and the extent of allergy is judged by the doctor. (Copyright 1950 by Health Informa-tion Foundation) bile liability insurance for three of the postwar years there were eight years of underwriting losses, the worst of which was the year 1946 when the aggregate loss was 26.2 per cent or $26.20 or everyf $100 of premiums earned." "During 1956 member compa-nie- s of the Bureau , suffered a countrywide underwriting loss of 7.9 per cent on automobile liabi-lity insurance. This means that automobile liability claim costs and expenses amounted to $107.90 for every $100 of premiums earn-ed, or an aggregate underwriting loss of more than -- $64,000,000. Their automobile physical damage insurance business collision, comprehensive, fire, theft, etc. was also unprofitable. Other stock companies and mutual companies also sustained serious underwrit-ing losses during 1956. Experience in the western states is no better than the national trend, with Cali-fornia particularly bad. "Reports for the first six months of this year indicate the prospect of an even worse underwriting loss situation for the year 1957. The underwriting loss, for example, lor all lines for one company, jumped from $528,000 in the first half of 1956 to $6,635,000 in the comparable period of. 1957; for an--' other from $2,839,000 to $11,800,000 for another from $154,000 to and for still another from $3,50,000. to $6,881,000. More and Costlier Claims "Inflation has forced up aver-age claim costs for both bodily injury and property damage lia-bility. In addition, the adverse ef-fect of inflation on property dam-age claims has been aggravated by continually climbing repair costs resulting from car design, the new wraparound windshields, for example. "During the postwar period from 1946 through 1956, claim costs for both bodily injury and property damage increased on the average more than six per cent a year, with the result that bodily injury claims settled in 1956 on a countrywide basis were 82 per cent above the 1946 level and the property damage claims were 88j per cent higher. And there is no evidence of any apparent leveling! off of costs in the foreseeable fu-ture. "In addition the upward trend in average claim costs the com-panies have been confronted since the latter part of 1955 with the adverse effect of increasing claim frequency, that is, the number of claims per 100 insured cars.i Dinner Dance Enjoyed byF.O.E. The annual Thanksgiving Din-ner Dance of the Fraternal Order of Eagles was enjoyed by the membership and their guests on the evening of November 23 at the Aerie Home, 3571 West North Temple. The delicious dinner, prepared by the refreshment committee, Coy Michaelson and Dick Jensen,' and assisted by Auxiliary member Bea Anderson, helped put the crowd in humor for the evening of dancing which followed. Church Basketball Starts at College Christ Memorial Church will be represented by their first basket-ball game on Saturday, Decem-ber 7 at Westminster. The game will be YMCA sponsored, and inter-- church. As yet, the schedule has not been presented, so the opponents are as yet unknown. Those coaching the teams are Bob Marlowe, Tom Hill and Lorin Tonneson. ' Tops in Topping FREE Estimates On Home REMODELING C-A-L- -L HU4-QM-4 Roller Skating For FUN and Health KYGEIA Iceland 12th East, 21st South For Schedule DIAL: IN5-861- 1 ' Be SURE , . to see these;- Aaa (SyL Choice selections Native and Fir MSYWnf?J TnnuEiES refill Petersen Xmas Tree Co. Pf 1790 South 11th East FOR YOUR BEAUTY SERVICE ri on the EAST BENCH . . . 1 , CATHERINE'S Creative Hair Dressings I 21st East and 13th South IN7-126- 0 - ; Around the Corner from Duffin's Ice Cream SUGAR HOUSE HAS UTAH'S FIRST HOLIDAY SHOP A new ideain toy, gift, and greeting card stores which are very popular in the San Francisco area. Drop in and browse around WfW :.VMi GREETING CARDS 2157 Highland Drive Phone HU 37 Salt Lake City 6, Utah Located in the OTTLEV building next to the Post Office at the 'THANKSGiViNG' DAY Bring the Entire Family RESERVATIONS &iiWP7JI? 1W1333 ii8Klsi SAVE ON PRESCRIPTIONS Lowest prices FREE Delivery . . . S-&- -H Green Stamps ' SOUTHEAST PHAKMACY . Max L. Steele, owner 2660 South 20th East IN6-218- 1 |
