August 14, 1986 |
The fare increases proposed by Philadelphia's beleaguered Yellow Cab Co. would raise only about 41 percent of the money the company says is needed to fund a self-insurance program. John S. Estey, an attorney for Yellow Cab, said yesterday that the remaining money - almost $2 million a year - would come from the company's current operating revenues. The company, which has filed for bankruptcy-court protection, has lost money in four of the last five years. Yellow Cab accounts for about half of Philadelphia's 1,200 cabs and is facing the loss of its insurance on Oct. 1. Estey said the company can not get insurance from any other source and will go out of business if the state does not approve its plan to operate a self-insurance program.
June 24, 1986 |
A federal judge has been asked by insurance underwriters to void a $1.6 million insurance policy the Flyers had on goaltender Pelle Lindbergh, who died last year after his car hit a wall in New Jersey. Underwriters at Lloyd's of London, in a suit filed yesterday, contend the policy contained an exclusion barring coverage for losses caused by Lindbergh's "own criminal or felonious act. " "Pelle Lindbergh's death was caused or contributed to by his criminal acts of driving under the influence of alcohol and exceeding the legal (speed)
March 12, 1992 |
Unprotected by tiny helmets and shoulder pads, Deptford Midget Football is getting banged up in a rough game of Catch-22 over a $10 million insurance policy. The parents who run the township midget football league are planning a carnival in mid-April to raise money to pay next year's football bills. They want to use the township's most central location, which is Deptford's Central Elementary School field, just behind the township building on Cooper Street and Delsea Drive. However, school-district officials said a carnival on school property presents high accident possibilities, and they are requiring the midget football league to carry at least $10 million in insurance for the six-day event.
June 16, 1988 |
In a step toward what they called a "black common market," leaders of the National Conference of Black Mayors proposed yesterday to create their own municipal insurance company. Former Gary, Ind., Mayor Richard G. Hatcher, the chief advocate of the move, said more black money should stay in black hands. That, he said, should include some of the $1 billion spent yearly for insurance by the 300 communities headed by black mayors. Hatcher said he was sure that insurance companies reinvest some of the money they get in South Africa and in other ways repugnant to blacks.
October 15, 1987 |
For six months last year, Mark Schwartz and a dozen other men in various stages of middle age played pick-up basketball games every Monday night at Rydal Elementary School in Abington. The group, called the Over-The-Hill Basketball Club, used the court for free. This year, the club says it cannot afford to use the court because of an insurance requirement imposed by the Abington school board. A new board policy requires the club to secure a $500,000 single-limit insurance policy for liability resulting from bodily injury or property damage before it can play at the school.
August 26, 2001 |
It wasn't Jennifer Bencivengo's fault that the rental car she was driving two years ago suddenly veered off a tree-lined rural road in Burlington County when her right front tire went flat. Still, her insurance company - the Good Hands people - blamed her for the $2,700 worth of damage, terminated her policy, and forced her into a high-risk insurance plan that cost $4,500 a year. Most people would have grumbled, paid the bill, and moved on. But not this 23-year-old stay-at-home mother and her father, Joseph Griner, a high school chemistry teacher who can give everybody a lesson about how to make the system work for the little guy. They decided to challenge the company's decision by traveling through an arcane state-appeals process - without a lawyer, but armed with Griner's homemade video of the damaged car, which provided the key evidence.
March 20, 1997 |
Critics of Phillies president Bill Giles, and there are many since negotiations on a contract extension for righthander Curt Schilling dissolved in acrimony, have taken a Chicken Little approach to the incident: The sky is falling! The sky is falling! Giles, however, continues to adopt Yogi Berra's famous philosophy: It ain't over until it's over. In fact, he said, he is waiting for word from the team's insurance company that could result in another attempt to sign Schilling before his team breaks spring-training camp a week from Sunday.
November 8, 1997 |
It is no substitute for a mother and a father. But at least young Haley Rabinowitz, orphaned by murder, will not grow up poor. The Provident Mutual insurance company yesterday paid off on a $500,000 policy taken out last January by her mother, slain Main Line lawyer Stefanie Rabinowitz. Provident Mutual president Robert W. Kloss hand-delivered the hefty check to Stefanie's mother, Anne Newman, who is raising her daughter's 18-month old baby girl. "We evaluated this matter based on the usual standards and practices of Provident Mutual and the confidential information we developed led us to decide to pay the death benefits available under the policy," Kloss said in a statement.
April 23, 1991 |
The struggle to cope with hard times has hit many of us. In March, the jobless rate shot up to 6.8 percent, as the number of Americans joining the ranks of the unemployed since last summer swelled to 2 million. It was the sixth straight month that businesses have cut jobs, making it the worst stretch of mass layoffs since the 1981-82 recession, the Labor Department has said. The Daily News is periodically introducing you to Philadelphians who are among the hundreds of thousands of Americans who have been thrown out of work.
March 20, 1986 |
Marshall Sbar, a student at Cheltenham High School and an organizer of the Cheltenham Men's Lacrosse Club, said he was expecting a jump in the team's liability insurance this year, but he never dreamed it would be triple last year's rate. It did. And the implications are enormous. "We're going to have to fold by the end of next week," he said. "Which means 50 guys who paid about $250 apiece just to go out there and play are going to lose the opportunity. " Sbar, 17, who plays the attack position for the team, said he was hoping to find an outside sponsor for the club or have boys' lacrosse be officially recognized by the school board as an interscholastic sport, which would allow it to qualify for district funding.