Rate Making for Package Policies

The seminar opened with the statement of an objective for the session: "To have an open discussion of how rates should be made for a package policy when it has reached the state of mature development with a large volume of information available." After outlining our ground rules, we went directly into a discussion of the difference between the Homeowners package and the commercial package. The Homeowners is a large total volume of business with many, many relatively homogeneous units.