Browse Research
Viewing 6876 to 6900 of 7690 results
1948
The expected loss ratio method of determining loss (and loss expense) reserves as illustrated by "Schedule P" unquestionably served a useful purpose in the earlier years of the present century, particularly as respects the determination of adequate, or reasonably adequate, reserves for the various liability coverages.
1948
This report is of very great importance, not only as respects the existing unsatisfactory state of affairs in regard to Schedule P but also in respect of the very sound suggestions advanced by the Committee to cure the present situation.
1948
The Committee's report focuses attention at a particularly opportune moment on what is perhaps the most troublesome problem facing casualty companies today in the preparation of their annual statements, that is, the question of establishing for Compensation and Liability lines loss and loss expense reserves that will be adequate but not excessive, with the added objective of segregating these two types of liabilities so that their corresponding i
1948
The committee has attacked a problem which has been in need of study for many years. In view of the importance of the problem, it would be advisable to have the report well buttressed with answers to the questions which will be raised and criticisms which will be leveled at any change from our present Schedule P.
1948
During the past few years considerable dissatisfaction has been expressed, publicly and privately, with regard to the Schedule P method of establishing and exhibiting compensation and liability loss and loss expense reserves for annual statement purposes.
1948
At the November 1939 meeting, a paper entitled "The Practice of Workmen's Compensation Rate Making as Illustrated by the 1939 Revision of New York Rates" was presented by Mr. C. M. Graham. In 1940, the writer presented a short paper discussing changes which had taken place in the 1940 revision. Since that time a lot of water has passed over the dam and the present rate making procedure, particularly with the 1948 changes, is rather different.
1947
Legal developments within the past four years have marked the period as one of unprecedented significance with respect to governmental supervision of the casualty insurance industry. As we enter upon a new era of state regulation , a study o£ the events which created that era may broaden our comprehension of the unique experiment in political science to which the immediate future of the industry is bound.
1947
Mr. Elliott's concise paper presents a novel approach to the subject of ratemaking for excess coverage.
1947
The problem of "excess" insurance ratemaking is one of great interest to me and I am, therefore, glad of the opportunity to offer several comments and remarks on the results of the Pennsylvania Study of Excess Costs which is the subject matter of Mr. Elliott's paper.
1947
Pure premium rates for excess insurance are almost always very difficult to determine because losses of the classes covered by such insurance have occurred so infrequently in the past that it almost impossible to obtain a body of statistics upon the basis of which one can make reliable estimates of the probabilities of their occurrence in the future.
1947
This is a most clear and concise report of a new method of compliance with a statistical requirement that lays on every carrier of workmen's compensation the burden of preparing a "unit report N or risk history, giving exposures, premiums, and losses in the year in each state as to each assured, to be sent to a central statistical bureau for rate-making purposes.
1947
The very title of this paper brings to some minds the thought of push-button statistics , of simply deciding upon what is wanted and "letting the machines do the work". Mr. Barber makes clear, though with due modesty he does not stress, the careful planning and continual vigilance which is required to maintain the 80-colunm accuracy which is a prerequisite for success in a large scale undertaking of this kind.
1947
Workmen's Compensation Rates in Massachusetts, planned to become effective December 31, 1947, are based on classification pure premiums produced by the Primary-Excess method. Herein culminates more than two years of research on this subject.
1947
The National Council on Compensation Insurance has recently adopted two rather extensive modifications to the existing rating plans for workmen's compensation insurance. The first is the extension of the experience rating plan from an intra-state to an interstate basis. The second provides for the optimal combination for retrospective rating purposes of workmen's compensation and other third party liability lines .
1946
The purpose of this paper is to explain the provisions of a voluntary plan of prepaid insurance for surgical and hospital care inaugurated in the state of Wisconsin late in 1945. The complete title of this insurance plan is "Wisconsin Plan of Prepaid Surgical, Obstetric and Hospital Insurance". It will be referred to in this paper under the popular name of "Wisconsin Plan".
1946
Mr. Conrod has performed a service by preparing these tables and setting forth in detail formulae for their use. Mr. Conrod warned that the Conference modification of Class 3 was designed as a minimum standard for reserves and not as a basis for premium computation.
1946
Mr. Goddard's study of Workmen's Compensation pure premium trends brings out the fact that, in genera], loss costs related to payrolls in Massachusetts have been decreasing steadily since 1930. This downward trend will undoubtedly be terminated by the law amendments which became effective in October of 1945.
1946
This is a neat little paper dealing with a subject which at first sight may not look too important but yet is one that is worth investigating, not only for its own sake, that is to say to judge the importance of the effect of the alteration in the variances and probabilities under the conditions cited , but also worthwhile because it points the way in which such questions should be investigated. In this respect the paper is a model one.
1946
In the fall of 1945, at the request of the Pennsylvania Insurance Commissioner, the Pennsylvania Compensation Bating and Inspection Bureau made an analysis of multiple injury accidents occurring under the workmen's Compensation Act.
1946
Although fifteen years have elapsed since the Compensation Unit Statistical Plan last served as the subject of a paper presented before this Society, the historical events of the interval may be summarized in a very few words. The essential features of the original plan have not been modified.
1945
All actuaries have probably at one time or another been asked to explain the nature of their work. As far as the layman is concerned the easiest way of answering a question of this kind is to cite one or more specific examples of not too technical a nature. For those desiring a somewhat fuller explanation the various qualifications and requirements for membership in the societies may be used to explain the matter.
1945
Casualty insurance actuaries and statisticians have used credibility factors for many years. They have been satisfied that the use of such a consistently conservative procedure produces much more practical results than any attempt to follow one hundred percent the indications of a limited volume of their statistics. The writer will attempt to show that they have been justified in their pragmatical outlook.
