Abstract
Mr. Hurley stated his partialities for the fire insurance ways. We all might share his feeling after reading, for example, Best’s Review for January 1974 “The 1969-1973 statutory underwriting gain for fire is the best five year dollar record of any line of business written by the stock insurers . . . and . . . fire insurance is a consistent profit maker for the mutuals.”
His appended list of papers in the Proceedings of the Casualty Actuarial Society illustrates the wide range of topics a discussion of commercial fire ratemaking could encompass, and justifies narrowing the scope of the paper to recounting the history of the present methods, and explaining an actual calculation of overall rate adjustment and its distribution to classification. Proposing and evaluating other possible procedures, or considering changes entailed in merging monoline and package experience, or data produced under different statistical plans, would have been beyond the purview of the paper.
Volume
LXI
Page
67-69
Year
1974
Categories
Business Areas
Fire and Allied Lines
Actuarial Applications and Methodologies
Ratemaking
Publications
Proceedings of the Casualty Actuarial Society
