Distribution of Surplus by Casualty Companies Writing Participating Insurance

There are two principal things, in the opinion of the writer, that make the distribution of surplus by casualty companies a matter well worth discussing. In the first place, participating insurance in the casualty field has had a steady growth since the inception of workmen's compensation laws. At the present time it is written by some of the stock corporations, and by all mutual corporations, interinsurance or reciprocal exchanges and state funds. The absence of any literature bearing upon the methods employed, or which should be employed in the distribution of surplus among policyholders, is a commentary upon the importance thus far attached to this phase of casualty insurance.