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New Braunfels Herald-Zeitung (Newspaper) - September 17, 1980, New Braunfels, Texas Box 45436 Dallas Tx 75235 Co Inc 1 Board keeps lid on auto insurance rates AUSTIN AP The State Insurance Board stunned insurance companies and delighted consumer groups Tuesday by refusing to raise Texans automobile A 30 with Chairman Bill Daves taking the left auto insurance rates at 1979 levels pending an advisory committee study of the entire ratemaking It could be as long as a year before the board again considers a rate At a July insurance companies requested increases averaging 28 percent while the board staff recommended an percent rate Rates were last raised on when the board ordered an percent in Daves said that while inflation has made it costlier for insurance companies to settle accident it also has resulted in a higher return on their I think this shows a great deal of courage in light of the special interest pressure that can be asserted against Chair man Daves took a courageous and consumers will said Jim executive director of the Texas Consumers Dan Flemming of president of the Independent Insurance Agents of also praised the decision and said it would help reinforce the boards posture as one of the best insurance regulatory bodies in the David attorney for the Texas Automobile Insurance Service ap peared stunned by the boards He said it would be inappropriate to comment until he and the TAISO board had studied Daves A lawsuit is he Using unpublished figures from Bests Aggregates and Daves said stockholderowned insurance companies showed 1979 aftertaxes profits averaging percent on percent on assets and percent on earned Insurance companies net investment in come has risen from billion in 1970 to he It appears that although inflation has increased the cost of automobile repairs and it has also increased interest rates on those in vestment assets representing policyholders Daves Comparisons are but a recent study by an investment house showed another regulated electric earns about 15 percent on equity in Daves said a thorough review of the ratemaking process was necessary because of the dramatic change in our Wednesday Taylor Communications 25 cents September 1980 HeraldZcitung economy brought about by He said the advisory committee will include board staff insurance company representatives and actuarial Texas is the only state in which a regulatory agency issues a single set of rates that all auto insurers must Some price competition is allowed through which be approved by the Ratemaking consists essentially of predicting on the basis of past experience how many accidents Texans will have and how much they will then setting premiums high enough to pay for 26 Pages 2 Sections USPS 377880 New Texas r I Low wire act A snapped tip of a utility pole lies in the 1300 block of IH35 after being torn down by an asphalt dump truck this In the a similar Staff photos by John Senler truck is entangled by the utility men remove the wires and debris stretched across the Commissioners briefed on case Comal County commissioners talked about redistricting with attorney Reagan Tuesday night in executive and the substance of the conversation is still a After meeting at the commissioners strolled over to Reagans office a block away to discuss matters concerning redrawing of commissioner precinct Reagan said Wednesday he could not elaborate on what was said until he had a chance to talk with Joaquin associate counsel for the Mexican American Legal Defense and Educational MALDEF is representing a group of local citizens which has charged that current commissioner precinct lines dilute the minority vote in Comal County through gerryman that the lines violate the Supreme Courts one one vote ruling because of population MALDEF obtained an injuction prohibiting the county from holding elections in commissioner Precincts 1 and 3 this Reagan said he briefed com missioners on a conversation he had had with Avila Com missioners took the information under and Reagan said he hoped to contact Avila again around the first of next The who was retained two years ago by the county to handle its redistricting said he wasnt sure when information on the discussions might be made Revised master plan for annexation eyed By HENRY KRAUSSE Staff writer The citys Planning and Zoning Commission heard residents and in dustrialists argue New Braunfels would get something for nothing if two areas to the south and west of the city were At a workshop session Tuesday at City the commission members expressed agreement on a revised master plan for annexation but em phasized it was still in the talking A finger of land along FM 725 from present city limits to dim Road was included among four parcels scheduled for annexation sometime in Albert Kosko warned the commission he and other residents of the area would have stern objections if the city could not promise extension of services quicker than the three years allowed by It dont come Youll raise the tax rate out there yet you provide If you want that youll have to pay for Kosko Commission members said the city could not extend water service to the since it was part of another water City Planning Director Debra Goodwin said police and gar bage services were generally provided soon after Its my understanding the police would patrol the area better than Guadalupe Anytime you build at the edge of a you expect it to commission member Harry Alves Byuving so yotfvereaped Y the benefits you drive our youre close to city parks and youre not paying Alves con annexation was and is ex but not for Kosko I was speaking with New Braunfels Police Chief Burney and Fire Chief Elmo and theyre limited right They cant extend right See Page 16A Taxes will force us out Farmers living in the path of projected city growth toward the northeast concluded they would have to sell some of their land to meet the twin pressures of inflation and eventual city A Planning and Zoning Commission workshop session reluctantly approved reducing the size of a parcel of land designated for annexation between 1982 and but the reduction was not enough to exclude farmers Edwin Hanz and Nolan who attended the Taxes are going to force us out of the Theres no way we can stay Hanz Koepp said area taxes were already on the increase because of industrial development and the resultant rise in land If taxes increase or an hed soon be out of he Were glad to make that much profit per The rest you can figure out he Its hard to justify farming on land worth to an com mission member Lydon Oilman This land is almost enclosed by city To farm that land for an in come of an acre is farming for farmings As a way of its fine Ive done it But the taxes would be almost nothing com pared to the valuation of your Oilman congratulated the Youve got a great piece of Id like to be in your Youre forcing us to Koepp Oilman denied but conceded the point after some We have no point in depriving you of any By your proximity to the city your property has increased a You can use your land any way you see You can continue See Page 16A Unicorn Band Participation in Kansas City festival receives board okay By JACQUELINE SMITH Staff writer Will it be or Kansas That was one of the main questions considered by New Braunfels Independent School District trustees at their meeting last Later the question was became whether they should even go at to either of the the they being the Unicorn Band The question orginated when the school board was asked to consider a request by the high school band that it be allowed to go on a band trip to either Atlanta or Kansas City the last week in April for a Music Orginally at the last school board the band had submitted the city of Atlanta as a but the board had asked for other Inside PUBLIC SPRING since at the time Atlanta seemed too far away and too Hendricks And although the trip to Kansas City would be cheaper than the band travelling to discussion was raised as to whether the trip would involve too much time riding the bus getting there and not spending enough time at the festival I hate to see our band make a trip of this Theres too much time spent coining and going two days on the bus to get two days coming back and maybe one day Hendricks He also said that it would mean that the band students would be out of school for almost two weeks because Easter vacation falls right before the See Page 16A
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