Report of Committee on Compensation and Liability Loss and Loss Expense Reserves [Discussion]

The committee has attacked a problem which has been in need of study for many years. In view of the importance of the problem, it would be advisable to have the report well buttressed with answers to the questions which will be raised and criticisms which will be leveled at any change from our present Schedule P. The following objections are some of those which are bound to arise in the course of the consideration of the report by insurance commissioners and others interested in the solvency of insurance companies. It is not assumed that these points have not been thoroughly considered by the committee, but it is felt that discussion at this point of time may be made in anticipation of similar discussions later on.