The Advantages of Calendar-Accident Year Experience and the Need forAppropriate Trend and Projection Factors in the Determination of AutomobileLiability Rates [Discussion]

At a time when adverse underwriting results for automobile liability insurance, particularly for private passenger cars, are a subject of great concern to the insurance industry, Mr. Paul Benbrook’s paper, “The Advantages of Calendar-Accident Year Experience and the Need for Appropriate Trend and Projection Factors in the Determination of Automobile Liability Rates” is indeed a welcome and timely addition to the Proceedings of the Casualty Actuarial Society.