The Salina Journal from Salina, Kansas on May 4, 1997 · Page 22
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The Salina Journal from Salina, Kansas · Page 22

Salina, Kansas
Issue Date:
Sunday, May 4, 1997
Page 22
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SUNDAY MAY 4, 1997 THE SALINA JOURNAL Money PERSONALS/C2 NATIONSBANK / C3 CLASSIFIED / INSIDE c BRIEFLY AT THE WATERCOOLER Clay Center bank to have new owners CLAY CENTER — Peoples Bancshares, a holding company that owns Clay Center's Peoples National Bank, has entered into a merger agreement with Gold Bane Corp., a multi-bank holding company headquartered in Leawood. Gold will acquire Peoples on a stock-for-stock exchange basis with Peoples stockholders receiving Gold stock. The merger is expected to be completed mid-year. It is subject to the approval of federal banking regulatory officials. Gold owns Exchange National Bank with offices in Marysville, Shawnee and Leawood and Provident Bank in St. Joseph, Mo. Salina insurance firms complete their merger The Salina insurance firms RGB Schmidt, 405 E. Iron, and Bolen-Wood Insurance, 148 S. Santa Fe, have completed a merger. The combined company has been named Sentinel Insurance Group. The merger was first announced in November. The company will remain at the two offices until late June when renovation of the office at 405 E. Iron is completed. Sentinel Insurance Group's 23 employees will work there. Ron Dupy, formerly president of Bolen-Wood Insurance, is president of the new company. Norlin opens law office in Concordia CONCORDIA — Janice Norlin has opened a law and mediation practice in Concordia. Norlin was sworn in as a Kansas attorney April 25. She graduated in 1996 from the University of Kansas Law School. The office will be open 9 a.m to 5 p.m. Monday through Friday The phone number is 913-243-7333. New Holiday Bowl to close next Sunday The last day to roll a strike at New Holiday Bowl is May 11, when the bowling alley closes. New Holiday Bowl, 1125 W. South, will be open May 12 from 10 a.m. to 7 p.m. so customers can clean out their lockers and pick up personal belongings. New Holiday Bowl was sold in August to AMF Bowling Centers, a Virginia-based company that owns AMF All Star Lanes, 624 S. Broadway. The former owner was Topeka-based Property Management. Former firefighter opens Realty office Central Kansas Realty has opened at 249 S. Santa Fe. In addition to being a real estate brokerage firm, the business also appraises commercial and residential homes. The firm's owner, Ron Kriegh, was a firefighter for 21 years at the Salina Fire Department before earning real estate and appraiser licenses. Central Kansas Realty employs three and is open 9 a.m. to 5 p.m. Monday through Friday and weekends by appointment. The phone number is 825-0169. Used computer store opens downtown Piper's Used Computers and Accessories has opened at 303 E. Walnut. The store buys and sells pre-owned computers, printers and accessories. The store's owner, Loren Piper, also owns Piper's Upholstering, 159 Si Fourth. The computer shop is open 8 a.m. to 5 p.m. Monday through Saturday. The phone number is 823-6700. From Staff Reports -Airfare comparison Investment anxiety People who suffered from math anxiety as teens often have trouble making investment decisions later in life, according to a survey by Dreyfus Corp. and the Center for Women and Retirement Research. Those uncomfortable with math in their youth often put off personal financial decisions for fear of making mistakes. Where the jobs are If computers or consulting is your game, then your chances of finding a job are better than in other fields. In its May issue, P.O.V. magazine says it's found that computer network experts, management consultants and software developers will be the strongest in the next 10 years. Let's do breakfast There just aren't enough hours in the day for many business people who need to meet clients and prospective employees, so they're getting together for breakfast instead of lunch. Breakfast also is cheaper and getting healthier; instead of bacon and eggs, more executives are eating yogurt and low-fat breads. DMtlnitlon From Salina From Wichita Orlando SanFwncisco Boston Atlanta Miami' Philadelphia 218 176 294 202 218 398 248 184 , 414 301 227 500 All fares are USAir and show the cheapest roundtyip prices as of the previous Thursday if tickets]afe bought three weeks in advance. Fares from Kansas City to these cities are $40 less ttian fares from Salina. Destinations are th« most popular ones for Salinans flying USAir. A limited number of tickets is Available at these prices. Sourc*: USAir Journal Graphic Photos by The Associated Press Jean-Michel Cousteau, 57, observes three bannerfish underwater as he dives along a coral reef in Savusavu Bay near Fiji in October 1995. Oceanpgrapher Jacques Cousteau's oldest son, Jean-Michel Is famous in his own right as an explorer, filmmaker and marine conservationist. Travel booms down under Growing demand for underwater vacations gives travel agents new niche By KAREN SCHWARTZ The Associated Press Orange and white clown fish hover amidst mauve tentacles of a sea anemone under the tropical waters of Fiji last summer. Scuba diving fulfills people's desire for adventure, exercise and a chance to see odd and beautiful creatures. The dive travel industry generates about $1.7 billion annually. It starts with a yearning for something different. A chance to boldly go where few men have gone before. A longing for an adventure, a challenge, or a chance to see weird critters. It's the world of scuba diving, a sport that lures its participants from one end of the globe to another. And it's booming. An estimated 6 million people in the United States are certified divers, 2.5 million of whom went diving within the past year. The revenue generated by the dive travel industry, through air fares, hotels and diving services, is about $1.7 billion annually, according to the Diving Equipment and Marketing Association. In the 12 years that Lee Scruggs, Loveland, Colo., has been diving, the sport has taken her and her husband, John, to many of the Caribbean Islands; to Belize, Costa Rica and Honduras in Central America; to the Pacific islands of Hawaii, Fiji and Papau New Quinea; to Palau, Truk and Yap in Micronesia; to Indonesia and to the Red Sea. Peace, quiet and beauty Why does the 53-year-old woman travel the world in order to jump into the water for an hour at a time. "To go to a tropical island and get out of Colorado in the wintertime,"'she quipped. But there's more to it. Once underwater, surrounded by colorful fish, sculpted corals and majestic pelagics, "You have to pinch yourself sometimes. It's so beautiful and quiet." Susan Hirsch, 35, Providence, R.I., was certified only two years ago. Since then, she's been diving in Belize, Honduras and Hawaii. In the cold waters of Narragansett Bay near her home, "You're lucky if you can see the flip of a flounder in the sand," she said. But at an exotic locale, "It's like being in a cartoon — the colors and the shapes and the textures." See DIVE, Page C2 T STAYING AHEAD Auto insurance reform deserves a chance Consumers don't realize they'd fare better under no-fault approach to coverage NEW YORK — There's bad news for advocates (like me) of reforming the mess otherwise known as auto insurance. New Jersey Gov. Christie Whitman recently backed off her attempt to improve her state's law. She said, "If they want a fight, we'll give it to them." Then she caved. What will happen in Congress, where Sen. Mitch McConnell, R-Ky., has just introduced the Auto Choice Reform Act, which would let you vote with your dollars on what kind of auto coverage you'd like to have. In the past, no-lawsuit plans have almost always been diluted or blocked by trial lawyers, who earn $17 billion a year from auto accident cases. Reforms also are opposed by consumers who don't understand the loopholes in the present system and fantasize that they'll win a jackpot if an errant car plows into them. Whitman planned to offer New Jersey four types of policies. The one with the lowest premium (costing maybe 20 percent less) would have covered medical bills and lost wages, but made it hard to go to court to sue for pain and suffering. Opponents cleverly argued that it wasn't fair to offer people "less coverage" (even though they could choose whether to take the cheap policy or not). Officially, Sen. McConnell remains optimistic about the federal plan. If adopted, Auto Choice would cut the cost of auto insurance by an average of $243 a year for drivers choosing the lower- cost option, according to Congress' Joii^ Economic Committee. The Auto Choice plan would give drivers two options, both limiting lawsuits: JANE BRYANT QUINN Tlif Washington Post (1) You could choose "tort" coverage that lets you sue not only for medical costs and lost wages but also for pain and suffering. But you'd generally sue only drivers who had also chosen tort. Otherwise, you'd collect from your own insurer. You could still sue the other driver if your policy didn't cover all your bills. (2) You could choose cheaper no-fault, no-lawsuit coverage. You'd recover medical costs and some lost wages from your own insurer. If such losses exceeded your policy, you could sue the other driver for them. But you couldn't sue for pain and suffering unless the other driver was drunk or stoned. States could change or opt out of this approach. In rural states where rates are low, auto insurance isn't much of an issue. Robert Hunter of the Consumer Federation of America opposes Auto Choice. He thinks the no-fault option should provide higher compensation for serious injuries. But that would raise the policy's cost. McConnell's intent is to give you a lower-cost choice. Consumers haven't embraced reforms because they're happy with the perverse way the current system works. You're generally overpaid for small injuries — and that's most of them. Drivers assume they'd win millions of dollars if they were really hurt. That's not true. You're rarely paid anything close to enough to cover major lifetime costs. You might even collect zero if you have the "wrong" kind of accident. Here's what happens: • You can't sue if you caused the accident. Some states (not all) allow limited damages if the other driver was partly at fault but you have to prove it. • If your claim exceeds the other driver's coverage or your own underinsured motorist coverage, you're usually out of luck. • If you're in a one-car accident, say you skid on a slippery road and hit a tree, you can't collect anything more than the medical payments portion of your policy allows. No-fault would recompense more people more of the time. By passing Auto Choice, Congress would give you a chance to find out. SUGGESTIONS? CALVARY JO PROCHAZKA, MONEY EDITOR, AT (913) £23-6363 OR 1-800-827-6363 OR E-MAIL AT

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