American Methods of Compensating Permanent Partial Disabilities

In one of my addresses before this Society, I had occasion to point out the difficulty of defining the province of actuarial science and my own preference for as broad a definition as possible, which would cover the entire domain of insurance science. There is a certain tendency in the casualty business to relegate to the actuary only such problems as require computations, whether arithmetical or more highly technical, and then only when the question involved is that of the rate- or broadly speaking the cost and price of insurance.