New Braunfels Herald Zeitung, October 7, 1987, Page 3

Publication: New Braunfels Herald Zeitung October 7, 1987

New Braunfels Herald Zeitung (Newspaper) - October 7, 1987, New Braunfels, Texas Crossword Board approves cut in property insurance rates Final performance ACROSS 1 Louvers 6 Disfigure 10 Tent group 14 — Haute 15 Mrs Charles 16 Wings 17 Shallot 18 Music group 20 False ideas 22 Flight unit 23 Money slang 24 Cubic meters 25 Amount paid 28 Brev* 29 Inhumane 30 Vacates 35 Brown 36 Fast of foot 37 Santa — 38 Africans 4 1 Holly piece 43 Par 44 Animals 45 Figurine 48 Jet 50 Red Square hero 51 Drama outlines 55 Short narratives 57 Equine 58 Nobody 59 Pub serving 60 Stopover 61 Explosives 62 Three-spot 63 Greek walkways DOWN 1 Danish speech sound 2 Unaspirate 3 Seed coat 4 Agitate 5 Voluptuous 6 Food fish 7 Foot sores 8 Rainbows 9 College cheer word 10 Chair wheels 11 Church structure 12 French queen 13 Pomes 19 Chemical compound 21 Very cold 24 Foundation 25 Numerical prefix 26 Soviet river 27 Kind of oil 28 Work parties 30 Cherrystone 31 QB Dawson 32 Boat gear 33 Module 34 Labels 36 Army command PREVIOUS PUZZLE SOLVED 39 Lures 40 Golfer s unit 41 High-ranked angels 42 Loyalist 44 Hot cross 45 Grade 46 Joint member 47 As to 48 Backdrop 14 7 8 I I I 49 Bothersome 51 Motion 52 To the core of 53 Great Barrier island 54 Peru corns 56 Single out to In PT” 13 k AUSTIN' (API - Texans will spend $53 million less on property insurance next year instead of the $226 million more the industry wanted to collect The State Board of Insurance, in a 2-0 vote. Tuesday approved a 3 6 percent overall cut in property rates, ef fective March I The insurance in dustry wanted a 15.3 percent in crease The new rates include a 2 4 percent average reduction in homeowners rates For example the annual premium for a $100,000 brick veneer home in Dallas was cut from $477 to $459 a 3 8 percent reduction, the same cut ap proved for Austin. Fort Worth and Waco A decrease of 4 percent was ap proved for El Paso and San Antonio A decrease of 3.2 percent was ap proved for Abilene Amarillo Dub bock Midland San Angelo and Wichita Falls No rate change was approved for Corpus Christi and Houston We re disappointed We ll beback next year ” said Rick Gentry spokesman for the Texas Insurance Advisors Association OTC Stocks SF W AUKK Al* GtAtlPar 42*. 41 . 42 * Miming *a» a* Gulf stall 1 TG TG 7* x High lim luxor Hahburtn »G *9 « 19 .! AMR i orp *4-t 53 % •4 , Hondah "p n 34 vt . Ament** h» *6 , *4 ; 9S Holist arm x to % -Ik - * K • XM! lr* ll IS-. IS*. I iou** I rn! 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SS est gh FI 71G 71 71g Xerox t'p TIG 75 , 76 ZenithE Jfe . 25G 26 Market shows si gns of stabilization N FSA YORK Al > The stock Board member David Thornberry said rates might have been increased by up to 5 percent if not for the panel's method of considering the amount of investment income earned by insurance companies It is a method insurance companies say short-changes them “This case highlighted some longstanding differences that we have had with the board particularly regarding the profit and contingency allowance that is in the rate making formula. Gentry said He added that no decision had been made on whether to ask a court to overturn the board ruling It was a 'fairly good year for insurance company investments according to Thornberry who. with board member Jim Nelson, coted for the decrease The board usually three members, will be one person short until new (’hairman lack Smith Jr of Dallas takes the oath Get 19 Texas property rates increased 5 3 percent in March of this year in eluding an average 8 t> percent in crease in homeowners rates The in dustry s request for a 15 3 percent increase would have added $22^ million a year to property insurance premiums In addition to the 2 4 percent average reduction in homeowner-rates which vary by region the overall 3 s percent cut includes a 7 7 percent average reduction in renters rates Coverage for farm and rani h owners was cut by an average of 2 6 percent Lizzie <E Lynn Burkett) and Danny (Robby Houde) share a moment of joyful e citement as 'hey fee! their baby move. This scene is from the popular musical Baby having its final performances this Thursday. Friday and Saturday nights at Circle Arts Theatre Tickets and reservations are available a* Krause Books 625-0251 Because of the mature theme no children’s tickets are being sold Photo by Leslie Kriewaldt) Buckle Up A reminder from this newspaper and the Troopers of the Texas Department of Public Safety Ullin Ullin OMA’S HAUS I market was mixed today showing signs of stabilizing after Tuesday s record breaking drop The Dow Jones average of I) in dust rials edged up 98 to 2 >49 61 in the first half hour of trading lasers outnumbered gainers by atiout 5 to 2 in the early tally of New y ork Stot k Exchange listed issues Volume tm the Big Board came to 16 i2 million shares as of lo a rn on w all Street Among actively traded blue chips General Motors fell 4 to 79 « Fxxon dropped . to 47 and Ford Motor I % to 95 But McDonald s rose «to A) anti I ot a I ola gained - to 4t> » The NA SF. s composite index of all its listed common stocks tost 33 to 178 6;) At the American Slock Kx change the market value index was off 79 at 354 65 On Tuesday the Dow Jones in dustnal average tumbled 91 55 points IO 2 548 63 RESTAURANT TASTE THE HOMEMADE DIFFERENCE Most Popular LUNCH SPECIALS w __ SERVED IN CAFETERIA STYLE FAST-HOME COOKED ll a.m. - 2 p.m. Monday thru Friday 625-3280 mnnunjsiTAir. VELOUR KITCHEN TOWELS Don t Miss These Beautiful Kitchen Towels ol Heavy Velour for Kxtra Absorbancy. 12 Styles to ( boose h rom    reg    to    2.50    ONLY Discount Furniture Free Lay Away Free Delivery Low. Low Prices! Doorbuster Special!! s26900' 7-Piece Dinette Reg ‘450 Recliners ,.<13900 Nm. M. 4:30-4:00 Sal. 10:004110"Where your neighbors are buying their furniture"628 S. Walnut Walnut Square Next To K-Mart Misses Plaid Shirts By Oakhill & Joan Harper SALE! 14 99 K*>g. $20 Ixxik sharp in these bright tops by Oakhill A Juan Harper Create outfits with skirts, pants, you name it Assorted plaids sizes 8 18 I Q" X ^    32    K    34 BLOUSES BY TEDDY Blouses is the word and these are hot in 2 different styles and an array ot colors Sizes S M L. Pants only 13 left reg. 19.00 7.99Jacob Schmidt Co Your I avorite Department Store ;

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Publication: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Issue Date: October 7, 1987

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