Automobile Collision Deductibles and Repair Cost Groups: The Lognormal Model [Discussion]

I guess it would be impossible to consider any ratemaking scheme which is at odds, to any degree, with current methods without many practical transitional problems surfacing early in the game. Each of the reviewers has done an excellent job of considering the practical difficulties which would accompany the scheme outlined in my paper and I am indebted to each of them for their thorough, incisive discussions. I am in general agreement with the reviewers’ comments and, moreover, the only point of disagreement I have with them may be due mostly to a poorly worded definition of an important concept in the original paper. My comments are as follows: …