Notes on Some Actuarial Problems of Property Insurance

Following the extension of the Objects of the Casualty Actuarial Society to embrace property insurance, two papers on fire insurance rate making were presented at a meeting of the Society in 1951: one by the author, formerly a life actuary’; and one by a casualty actuary*. Since then, the author has made a number of actuarial studies of various aspects of fire insurance and has brought some of the studies together in the following “notes.” Fire insurance has a very long history and many of its practices have often more historical than scientific foundation. These notes are mainly concerned with testing these foundations to inquire whether they can safely continue to support the vast edifice which rests upon them.