The New Era of Casualty Rate Regulation

Legal developments within the past four years have marked the period as one of unprecedented significance with respect to governmental supervision of the casualty insurance industry. As we enter upon a new era of state regulation , a study o£ the events which created that era may broaden our comprehension of the unique experiment in political science to which the immediate future of the industry is bound. Such a review should be of especial interest to actuaries, for in the foreground of this historic development have been the rates which are primarily the responsibility of those trained in the actuarial sciences.