Procedure in the Examination of Casualty Companies Departments [Discussion]

Miss Maycrink has dealt with her topic both ably and completely and my comments, therefore, consist only of supplementary remarks and observations. Near the beginning of this paper, she spoke of the anomaly presented in the blank wherein casualty companies show the premiums as written and the disbursements and other income on a cash basis. When and if casualty companies adopt a cash basis of premium reporting, losses due to the evil of free insurance and other factors would be minimized. A much clearer financial statement would result from cash reporting and there would appear to be some reduction in expenses due to the simplification of records.