The Multiple-Line Principle [Discussion]

As the actuary of a company whose President, Mr. John A. Diemand, has been a leader in the movement to introduce the Multiple-Line principle into our insurance practices, it gives me very great pleasure to be asked to submit a written discussion of Mr. Michelbacher's excellent paper. Those who have played an active part in the developments which have occurred in these last 15 years, so momentous in the history of insurance, will enjoy reading the author's clear development of the story and those who have been on the side lines and have not been closely concerned with each new step, will find this paper will give them a much closer insight into the problems with which we are presented today.