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New Braunfels Herald-Zeitung (Newspaper) - March 10, 1987, New Braunfels, Texas f sre 0ne ef ihg IrMfanee Qraht watild the Texas insurance A which Md help liability in the was orte of 3 bills the Senate fieoflofftic Development ffiitteeofiMpndayr an Idea 5been for aboutthree Lyndon chairman of the State fioafd of Last week the heard testimony oh sik measures5 for pronged changes in civil justice pfqeedures covering personal injuf y some say have brought on the insurance by weuld ittew Itfrifisiifafldg cdfflpattles is wfite reifisiifance protection for liability Still anotherf by Ted would allow Texas banks to reinsure policies written by liability insurance Otsdn tdld the committee there has beeri a very severe capacity for reinsurance for the past two The or one of the is in the area of reinsurance because reinsurers were predatoriiy competitive as were the property and casualty Olson You have to be extremely 6f ymi said Net Y6fkT Illinois arid Florida have changes with varying degrees sf The reinsurahcf exehaftge is an not a net an overnight answerttr Olsdfi Essentially the exchange is similar to syndicates with Lloyds of London It would be an ex change that would dieates for the assumption of reinsurance and in some stances write direct he tt is an effort not to export our capital to necessarily foreign Olson Other proposals by Jones allow nonprofit associations to to form underwriting groups to ebtaffl liability Ifisuraftce offered a bllUhawtoffldOTate the Texas Pfofesifoftat Liability Insurance Underwriting obtain group coverage far professional Caperton also a bill creating the office7of insurance counsel to represent consumers before the State Board of Lyon had a bill that would create the Texas ment Excess Liability insurance Ptiol1 to reinsure liability Itv surance for cities and chairman of the Senate has said all measures on tort reform and insurance will go to for further ter early new seen as the airlfoe ffstti tftg Nhetie dealmaking ef late stttS Af dfl law J Open container bill heads to House AUSTIN AP The Senate has approved a bill to make it a minor crimeto drink while a measure favored by four out of every five according to bill sponsor Bill Although no one opposed Sarpalius which was sent to the House on voice vote several senators questioned certain said tougher DWI laws enacted by in recent years have been credited with saving over he The state of Texas will never rget serious about drunk driving until vwe make it against the law to drink and and thats what this bill Its very It only applies to the An officer must observe an individual consuming alcohol while that motor vehicle is Sar palius would make it a Class C punishable by a fine of up to for a person to consume alcohol while Sarpalius said passengers in the front or back seat could drink while the vehicle was Theres a time and aiplace to consume alcohol behind the steering wheel driving down the road is not the time and place to do Sarpalius Im convinced that this bill will save lives in this he Bob said he was voting for the bill but he told Sarpalius he was punishing 95 percent of the people to get at 5 per cent who have alcoholrelated of Theres less than 5 percent of the people youre trying to solve a problem At the same what were doing is making it illegal for 95 percent of the people of Texas to do something which is legal and they dont Glasgow Youre taking right away from the good honest folks that dont abuse Sarpalius said a similar bill had passed the Senate twice before but died in the We feel like well have the speakers support and that any changes in that bill will put it in Sarpalius In other action the Senate approved and sent to the House bills that would Allow cities to charge up to to dismiss a traffic violation after a person completes a defensive driving Require a juvenile court to determine that there is probable cause a child committed an alleged offense prior to transferring the case to a district The Senate refused to debate a bill that would substitute a dental hygienttst for a public member on the State Board ofDental The vote was eight short of the total needed to consider the Ul J 111C I gVl Mefiday the with a cothbtried Chrysler agreed to buy Ameriean Group agreed tc acquire Piedmont Aviation Allegheny Internatibhai agreed to a buyout by the investment firm first Boston and New York developer Donald agreed to purchase control of Resorts International In Caesars received a takeover bid from money manager Martin Supermarkets General drew an unsolicited offer ffom Dart Group and Harper Row Publishers got a buyout proposal from Theodore who founded and later sold a New Jersey book publishing These proposals follow an investor groups offer Friday to buy Taft Broadcasting for and the announcement by privately held MacAndrews Forbes Holdings of a possible bid to buy the two thirds of Revlon Group it does not already own for The burst of new offers appeared and involved mostly friendly deals that seemed designed mostly for strategic for sees AMC providing the additional production and distribution capacity it USAir wants Piedmont to help build tax law triggered an explosion of attempts before the new tew took effect Suitors and their targets to complete deals because the oldtax law made many mergers less And the capital gains from takeover related stock trading by corporate raiders and other investors generally were taxed at a lower Many merger specialists correctly predicted a sharp drop in pace of takeovers for at least the first few weeks of and noted that activity often slows early in the as companies reevaluate their holdings and After 868 transactions a combined billion closed Mn only 382 deals at billion were completed in according to Mergers 4 Acquisitions In 148 deals were Those deals were valued at an amount the magazine said Is likely to be revised higher once more dataware Takeovers were expected to dry up this year for several Executives and investment bankers needed time to study the new tax the roaring stock market made many companies too expensive for wouldbe and business simply needed time to digest the acquisitions in late Brides 87 brl ttvid delivers the most entertainment pel savings Daily Your world is constantly To stay you need timely information and budget stretching Turn to the Source In the HeraldZeitung youll find stories about New Braunfels and Comal County civic and charitable organizations the activities of our City and County governments taxes you pay and the cost of We keep you informed about who got died or was born the local traffic robberies and other crimes that happened right here at The sports fans can find a wealth of information on all the local sporting activities as well as their favorite Photographs depicting your friends and neighbors doing all sorts of interesting things each News stories from our the nation and the world are found in the HeraldZeitung each day through the Associated Press wire Each day you will find money saving and values in the HeraldZeitung more than enough to cover the cost of a Dont you think it would be a gooci time to subscribe to the Source the HeraldZeftuiig Your Hometown Daily Call Today 6259144 HeraldZeitung 0 186 S New Texas Over sixty isrft over the hill and bring out the in Coming Your Way March 22 This informative tabloid will contain valuable information on your up coming Fascinating articles will take you through the time you I will to the moment you say I do and through the honeymoonOh and tips on MotherIn Uw Heres a look at some of the things youll find in Brides 86 The Contemporary Marriage Eves That Sparkle His and Her Skin Care Bridal Jewelry fashienable Fingertips Older Members e the Wedding Party Bridal Showers entertaining Photography Wedding Cakes Romantic Dinners for Two Newlywed Cookbook Collection The Quties ot An Usher Planning the Honeymoon much more ATTENTION ADVERTISERS Ront miss owl on tliis advertising opportunity oJ the yeti to retch those people who are planning Advertising deadline March Order extra copies now tar only each Call our retail advertising department New BraunfeU HeraldZeitung 186 South Avenue Phune
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