Rate Regulation and the Casualty Actuary [Discussion]

It is indeed a privilege to have the opportunity to present before the Society a critique of Mr. Carlson's very capable and admirable paper entitled, "Rate Regulation and the Casualty Actuary." There can be no question but that he has presented a substantially exhaustive and authoritative review of the history and background of the regulation of casualty rates. I consider it a splendid opportunity to present before this group of men who are instrumental in making rate regulation work, a few of the viewpoints and problems of independent carriers.