Revision of Rates Applicable to a Class of Property Fire Insurance

Many volumes have been written covering the general subject of property insurance, with emphasis on underwriting, claims settlement, and contractual relationships, but little has been written on the processes involved in rating fire insurance and the subsequent revision of these rates. For the most part only a relatively few informed people connected with insurance departments, rating bureaus, and statistical associations have been in a position to discuss the validity of the methods used in fire insurance rate making.