Compensations Expenses per Policy [Discussion]

Mr. Barber's paper on Compensation Expenses per Policy contains an interesting and worthwhile contribution to the study of expenses, a subject which undoubtedly will increase in importance in the near future. The discussion in his paper is largely based upon an analysis of the combined returns of countrywide compensation figures compiled by the Pennsylvania Compensation Rating and Inspection Bureau in 1934. The returns were filed in response to a Special Pennsylvania call for incurred expenses.