Multiple Peril Rating Problems-Some Statistical Considerations

Few will fail to appreciate the misgivings with which a technician approaches a popular excitement like “Multiple Peril Rating.” The very name, whatever its inadequacies semantically, can stir up such partialities that the rational approach is often overwhelmed in an arena of turbulent emotions. But this is not a milieu unprecedented for researchers. Early in the day of modern mathematics, Gauss withdrew from many of the then popular contentions to avoid the “clamor of the Boeotians.” And from his Holland retreat, two centuries earlier, Descartes sadly observed that common sense was reputed a commodity of which even the most feeble felt they had no lack.