RE: Boor: Trended Permissible

Glen_R._Calihan%WESTFIELD@mailhub.westfield-cos.com
Mon, 23 Mar 1998 10:56:32 -0500

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I don't think it would be safe to assume loss costs always equal pure
premium. While loss costs are often expressed as the ratio of losses to
exposure, they are also correctly used as loss costs per a class or per
state or, in general, losses (including or excluding LAE) per something.
Pure premium, as far as I know, is always losses/exposure (or frequency x
severity)
So Boor's Lc.Ec would be pure premium.

Glen Calihan

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