Abstract
The existing "casualty" insurance classification of industries is a relict of employers' liability. It grew out of the exigencies of competitive underwriting and its growth has been conditioned at every stage by the convenience of insurance solicitors. By reason of this genesis it is not adapted to the broader needs of compensation insurance; it is a thing of shreds and patches; it was never conceived as a whole nor based upon any reasoned principle of taxonomy.
Volume
II
Page
10-32
Year
1915
Description
The existing "casualty" insurance classification of industries is a relict of employers' liability. It grew out of the exigencies of competitive underwriting and its growth has been conditioned at every stage by the convenience of insurance solicitors. By reason of this genesis it is not adapted to the broader needs of compensation insurance; it is a thing of shreds and patches; it was never conceived as a whole nor based upon any reasoned principle of taxonomy.
Publications
Proceedings of the Casualty Actuarial Society
Formerly on syllabus
Off
