How Adequate are Loss and Loss Expense Liabilities? [Discussion]

Miss Salzmann has written another good paper. This time she has tackled the elusive subject of the evaluation of current loss and loss expense reserves, and she has proposed not only a yardstick for the measurement of current loss reserves, but also a method of establishing minimum statutory reserves relative to policyholders surplus. Her approach is well thought out, and it seems reasonable that her proposals be tried.