Abstract
The problem of dwelling policies written for small amounts is one with which many in the property insurance field have long been concerned. Originally attention was centered on insurance to value as shown by a 1952 statement that "... the loss value dwelling continues to present the most serious underinsurance problem.'" In 1955 and 1956 the subject received considerable publicity in the state of Texas, where deviations using rates graduated by size of policy were filed as a result of information developed by the Texas Checking Office and others. At that time the problem was described as "the failure of the present method of rating dwellings (for both fire and extended coverage) to take into account the very substantial differences in loss ratios for varying amounts of insurance."
Volume
XLIX
Page
144-150
Year
1962
Categories
Business Areas
Fire and Allied Lines
Business Areas
Homeowners
Actuarial Applications and Methodologies
Ratemaking
Publications
Proceedings of the Casualty Actuarial Society
