Abstract
In 1991, the most recent year for which we have data, the residual market accounted for a quarter of total premium, and the burden of supporting it was 18 cents on every premium dollar. In other words, in a typical state, insurers were assessed 18 cents for ever dollar of premium they received from the voluntary market in that state.
General/LOB-Workers Comp
Volume
Summer
Page
385-400
Year
1993
Categories
Actuarial Applications and Methodologies
Ratemaking
Trend and Loss Development
Residual Markets
Business Areas
Workers Compensation
Publications
Casualty Actuarial Society E-Forum
