Underwriting Profit in Fire Bureau Rates, [Author's Review]

I greatly appreciate Mr. DuRose's careful review of my paper on profit in fire bureau rates. This is an important subject and Mr. DuRose's comments call for a considered reply. My paper aimed to show that, if mutual and independent loss experience is included in the data used for making bureau rates for stock agency companies, the rates developed may not, in fact, be adequate for such companies and will certainly not provide the 5% profit in the Commissioner's formula.