Economic Factors in Liability and Property Insurance Claims Costs, 1935-1967 [Discussion]

The crunch of inflation on fire and casualty insurance companies has become more painful in recent years; the creep has become a walk. Executives are increasingly concerned with the long succession of years of underwriting loss. Ratemakers are seeking new ways of projecting loss costs further into the future, so as to achieve premium levels which will be adequate to pay the losses whose cost will continue to escalate.