A Realistic Plan for Determining Compensations Insurance Rate Levels

For the past twenty years our rate making organizations have been engaged in the work of developing a rational system for the rating of workmen's compensation risks, adequate to cover the continued rise of indemnity and medical benefits and reasonable in its distribution of cost among industrial classifications and individual risks. To what extent have our efforts proven successful ? The time is now ripe for self-examination and honest criticism in order to ascertain whether the several parts of our system are well fitted to achieve the desired object, or whether a change in methods may not serve to produce better results.