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1945
While the existing volume 1 of non-cancelable accident and health insurance in force in this county at the present time is relatively small compared with some of the other accident and health lines the "non-can" business has nevertheless been enjoying a steady growth on a sound basis during the past several years.
1945
The Committee on Mortality for Disabled Lives has completed its study of this subject and herewith submits its final report. The report is composed of three parts, a brief narrative description of the work of the Committee, the resultant mortality table with derived commutation columns, and an appendix which covers some of the technical aspects of the work and which is of more limited interest.
1945
Workmen's Compensation Insurance is generally considered to be a line which is subject to unpredictable fluctuations. There are "good periods" of greater or less duration followed by "bad periods" of equally uncertain length.
1945
In recent years several papers have appeared in the Proceedings in which the Poisson formula has been used to obtain the theoretical distribution of accident frequencies in casualty insurance. In casualty terminology this formula with its required conditions may be expressed somewhat as follows:
1945
In my previous paper, Proceedings, Casualty Actuarial Society, XXV, entitled "Tables Adapted for Machine Computation"--which will be referred to hereafter as "the previous paper"--I gave ten place tables of logarithms adapted to be used on modern calculating (multiplying) machines. I also gave some auxiliary tables of interest functions.
1944
This paper is in a sense complementary to the paper "An Actuarial Analysis of Retrospective Rating," by Thomas O. Carlson, P.C.A.S., XXVIII, p. 283: it is less abstractly mathematical and gives arithmetical examples.
1943
The paper of Mr. Farley and his colleague Mr. Billins in "Proceedings" No. 59 presents a thoughtful and statesmanlike analysis. It is the more significant and welcome because it comes from men engaged in the insurance business, a group up to now all too rarely represented in serious discussions of social insurance matters.
1943
This thoughtfully prepared paper from two Health and Accident students is of particular significance in any discussion of the current Wagner-Dingell Bill.
1943
Messrs. Farley and Billings have contributed a most thoughtful paper outlining their philosophy of social insurance and the role of Government. An individual's philosophy, just as his politics and religion, is traditionally immune from criticism, but I should like to take the liberty of setting forth a bit of my own philosophy in those instances where it differs greatly from theirs.
1943
We want to thank those who took part in this discussion of social budgeting (we like Mr. Williamson's phrase).
1943
At the last meeting of the Society, social insurance was the subject of the presidential address. The philosophical approach of the joint paper by Mr. Jarvis Farley and Mr. Roger Billings raised certain questions as to the definition and the scope of the social insurances.
1943
It has been the intent of the writer to develop a fairly complete mathematical theory of the variations in casualty insurance statistics as well as to develop such mathematical aids as are necessary to the computations involved in the use of the theory; but to leave to others any interpretation of the results of application of the theory.
1943
The Society is to be congratulated on the presentation of this paper (of which so far-only the Introduction and Parts I and II have appeared in print) and the paper "Notes on Mathematical Statistics" by Mr. Satterthwaite. These two of our younger members have thus called attention to powerful methods of investigation which may help solve some of our perplexing problems.
1942
At a time when the compensation ratemaking procedure is the subject of considerable study and investigation, Mr. Peters' paper, "A Method of Testing Classification Relativities" is a welcome addition to the literature of the Society.
1942
Mr. Peters' suggestion that casualty actuaries would do well to put to a rigorous test some of their obviously sound methods and naturally following assumptions is one of the important contributions of his paper. To newcomers to the casualty insurance field both Mr.
1942
In the introduction to my paper I emphasized that the new method of testing classification relativities proposed therein was undoubtedly subject to faults and susceptible to improvement and I asked for criticisms and suggestions. The discussions presented by Messrs. Bailey and Marshall show that this prediction was correct and that the method proposed can be substantially improved.
1942
The Comprehensive Insurance Rating Plan became effective in the days when Douglas MacArthur was vaguely identified as a retired army man located somewhere in the Philippine Islands.
1942
Mr. Johnson's paper on the Multi-Split Experience Rating Plan in New York is particularly well timed. The Plan has been in effect less than a year but certain results of its application have provoked considerable criticism. Some of these have been covered by Mr. Johnson and some have not. I shall comment not only on the points raised by Mr.
1942
Webster defines a philosophy as an integrated and consistent personal attitude toward life or reality, or toward certain phases of it. That is another way of saying that a philosophy is a set of intelligent opinions about a phase of living, based on observation, sound reasoning, and common sense.
1942
Probably the most universal hallmark of the scientific mind is a persistent penchant for pigeonholing.
1942
Despite the very considerable publicity afforded Automobile Voluntary Assigned Risk Plans now in effect in ten states, at the times that they were initiated, widespread misinformation respecting the purposes, scope and functioning of these plans seems to exist.
1942
There is a close inter-relation between various parts of the insurance code, so that it is somewhat difficult to pick out for consideration a particular class of statutory enactments, and leave untouched closely related statutes.
