Economic Factors in Liability and Property Insurance Claims Costs

The original paper with this title was published in 1968, following presentation at a Casualty Actuarial Society meeting. This is an other update of indexes in the economic model --first report of 1976 and a forecast for 1977. These LPI indexes measure economic factors affecting loss and loss adjustment settlement costs which are incurred after claims have been reported. The indexes measure direct claims costs and not the reinsured excess losses which would be more adversely affected by inflation.