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Viewing 6701 to 6725 of 7690 results
1959
Experience Rating Plans for Workmen’s Compensation insurance have been in effect in Massachusetts since 1916. Although these plans have varied considerably, the present Plan, which is the 1940 National Council Experience Rating Plan, has been in effect in Massachusetts since December 31, 1940 without substantial revision with respect to basic underlying principles.
1959
In this comparison the experience of all companies is included in the Massachusetts figures. For Connecticut and New Jersey the experience reflects that of all companies filing with the N. B. C. U. and the M. I. R. B. for private passenger cars. The Connecticut commercial car experience is that of all companies reporting to the M. I. R. B. and members and subscribers of N. B. C. U. The New Jersey commercial car experience includes all companies.
1959
Mr. DuRose has published a very interesting paper illustrating the dilemma confronting a rate analyst when reviewing automobile liability rate filings made with an insurance department. Using Wisconsin as an example, Mr. DuRose pointed out that in 1957 two hundred and five companies either filed automobile liability rate revisions, had such filings made on their behalf by rating bureaus, or continued to write under filings made prior to 1957.
1959
Mr. Stevens has followed the suggestion contained in a recent address of President Pruitt wherein it was implied that the actuary should get out of the “niche” and assist the underwriter. This paper presents comprehensive data which should provide a better market for debit rated risks in general.
1959
1. The reinsurance to be treated in this note shall cover the excess over a certain limit Q of the total amount of claims for each accounting period paid by the ceding company. Regardless of the rule for the determination of the limit Q such a reinsurance shall in this context be called stop loss reinsurance. Generally, such a reinsurance is called either stop loss or excess of loss reinsurance depending on the rule for the determination of Q.
1959
The experience of the Canadian merit rating plan for private passenger cards provides a means of evaluating the experience rating credibility of the experience of one car. The Canadian experience includes the experience of virtually every insurance company operating in Canada and is collated by the Statistical Agency (Canadian Underwriters' Association - Statistical Department) acting under instructions from the Superintendent of Insurance.
1959
This is the work on which all modern asset pricing theory is based.
1959
Fidelity rates have been established in the past primarily by the use of “informed judgment,” in accordance with the position of
fidelity-surety underwriters that statistical ratemaking methods were not applicable to the bonding lines.
1959
Few will fail to appreciate the misgivings with which a technician approaches a popular excitement like “Multiple Peril Rating.” The very name, whatever its inadequacies semantically, can stir up such partialities that the rational approach is often overwhelmed in an arena of turbulent emotions. But this is not a milieu unprecedented for researchers.
1959
The elaborate formulae treatment of Mr. Harwayne is dealt with by Lewis H. Roberts in an Appendix to this written discussion. I intend to direct attention to the practical rather than to the theoretical aspects of Mr. Harwayne’s treatment of this subject.
1959
Mr. Harwayne has presented this paper as a supplement to his previous paper “Estimating Ultimate Incurred Losses in Auto Liability Insurance” (Volume XLV, 1958 Proceedings of C.A.S.).
1959
In a previous paper I described how auto liability incurred losses emerged in New York State on the average.
1959
With the recent introduction of automobile rating systems which modify an otherwise applicable rate by utilizing some form of individual driving record, a number of questions presented themselves. On the one hand it was felt that a mathematical description of a phenomenon-in this case risk distributions by number of accidents- is intrinsically of value and constitutes an advance.
1959
I can think of few more conflicting emotions of a professional sort than the feelings of an actuary with an essentially casualty training on first being introduced to the rituals of fire ratemaking. His whole background, built on an often complicated and yet reasonably systematized base, has left him inadequately prepared for the deceptive simplicity of the design for fire rates laid before him.
1959
I appreciate having Mr. Hurley review the paper because I know it represents a thorough and unbiased consideration. While he and I both use the fire insurance business as the principal source of our examples, I know we both agree that the formulas presented in the paper are quite general and may be used in any line of insurance.
1959
The paper “Rate Revision Adjustment Factors” by LeRoy J. Simon is essentially an analysis of the mathematics underling the adjustment of current rates to reflect loss ratios experienced under the premium rate structure formerly in effect.
1959
Ocean Marine Insurance has been included in our reading list and examinations for a number of years now. However, a check of the Proceedings indicates that we have never before had a paper on the subject. Mr. Robertson’s paper, therefore, fills a long-standing gap and should be most helpful in rounding out our coverage of the property insurance field.
1959
The subject of rating for Ocean Marine Insurance is a complex one. Also, the same complexities exist in Marine Insurance which, in addition to ocean carriage, embraces a considerable volume of true Marine Insurance in respect to vessels and cargoes operating not only on the Great Lakes but on other inland lakes and waters such as the McKenzie River System and the St. Lawrence River.
1959
The need of our labor force for economic security upon retirement, forcefully brought to public attention by the depression of the ‘~OS, led President Roosevelt to appoint a study committee which suggested a retirement program limited initially to industrial and commercial employees.
1959
A careful review of Mr. Longley-Cook’s paper must impress the reader with the extent of his research, the depth and clarity of his reasoning and the challenge of his conclusions. He explores many facets with a precision that again draws to the attention of the Society those contributions that can be made by it to reducing the overall complexity of fire insurance rate making.
1959
Following the extension of the Objects of the Casualty Actuarial Society to embrace property insurance, two papers on fire insurance rate making were presented at a meeting of the Society in 1951: one by the author, formerly a life actuary’; and one by a casualty actuary*.
1959
For several years labor unions have been fighting for some sort of guaranteed annual wage. Although they are not guaranteed wages, as such, the plans discussed in Mr. Latimer’s paper are an outgrowth of the demand for them.
1959
For a great many years individual automobile risk merit rating has existed in various parts of the world. A workable system has been in use in the British Isles for many years. Messrs. Bohlinger and Morrill report that in England a policyholder is entitled to a “no claim rebate” if he makes no claim under the policy.
1959
Since liability insurance for the nuclear energy hazard is still in the research and development stage, Dick Butler’s paper on this subject is a masterpiece in painting the picture as it currently exists. Mr. Butler was one of the pioneers chosen to blueprint the necessary innovations required to arrive at our present method of handling liability insurance for the nuclear energy hazard.
1959
The process of thinking about liability insurance on nuclear energy exposures is helped considerably by bearing in mind that fundamentally most of this insurance is only an extension of lines that have been written by the companies for many years. The largest part consists of premises-operations and products liability exposures from the general liability line.
