Auto B. I. Liability Rates - Use of 10/20 Experience in the Establishment ofTerritorial Relatives. [Discussion]

We are now experiencing an era of automobile liability ratemaking in which it is an absolute necessity that adequate territorial rates be established and maintained. In developing rates by territory the question of what experience is to be used is definitely a major factor. The author’s discussion on the use of 10/20 bodily injury experience for territorial relativity in New York is certainly an able contribution to this problem of developing territory liability rates. As more and more states increase their financial responsibility limits above the 5/10 basic limits, the problem dealt with in this paper becomes more relevant in areas outside of New York.