Distribution of "Shock" Losses in Workmen's Compensation and LiabilityInsurance [Discussion]

We are all greatly indebted to Mr. Michelbacher for his interesting and instructive analysis of the important problem of reinsurance. I know of no other compilation on this subject to which the student can refer with so much benefit. There is no phase of the business so vital to its safety as a proper distribution of risks. For the benefit of its agency force and its insured a company must be prepared to write policies for a larger coverage than it can safely assume itself; to relieve this condition reinsurance must be resorted to.