Abstract
This chapter is based on a paper prepared for the 1982 Massachusetts automobile rate hearings (Myers and Cohn 1981). The paper has been slightly modified for clarity and for consistency in notation. The Myers-Cohn paper introduced a discounted cash flow approach to insurance rate regulation and also criticized the procedures discussed in chapter 1, which describes the Massachusetts fir-rate-of-return procedures used in 1981. It was written at approximately the same time as chapter 2, which responds to some of the criticisms.
Year
1987
Categories
RPP1
Publications
Kluwer Academic Publishers
