Liability Loss Reserves

The unstable condition of liability insurance and the lack of experience and precedent in workmen's compensation insurance are quite naturally matters of deep concern, not only to those engaged in the branch of file insurance business, but also to the government officers entrusted with the duty of supervision. Side by side with efforts to keep the cost of insurance down, and thus prevent excessive waste, efforts must be made to keep the insurance organizations solvent, and thus protect the interests of the assured and the injured workmen. The new state organizations for supervision of insurance rates, are more frequently called upon to keep premiums up against the onslaught of ruinous competition, than to keep them down against the efforts of rate-making combinations.