Page images
PDF
EPUB

the

diciare THE INSURANCE INDUSTRY

HEARING

BEFORE THE

SUBCOMMITTEE ON
ANTITRUST AND MONOPOLY

OF THE

COMMITTEE ON THE JUDICIARY

UNITED STATES SENATE

NINETY-FIRST CONGRESS

FIRST SESSION

PURSUANT TO S. RES. 40

PART 17A

AUTOMOBILE LIABILITY INSURANCE

Printed for the use of the Committee on the Judiciary

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 1970

33-280 O

For sale by the Superintendent of Documents, U.S. Government Printing Office

Washington, D.C. 20402 - Price $4.75

[blocks in formation]

COMMITTEE ON THE JUDICIARY

JAMES 0. EASTLAND, Mississippi, Chairman JOHN L. MCCLELLAN, Arkansas

ROMAN L. HRUSKA, Nebraska SAM J. ERVIN, JR., North Carolina

HIRAJ L, FONG, Hawaii THOMAS J. DODD, Connecticut

HUGH SCOTT, Pennsylvania PHILIP A. HART, Michigan

STROM THURMOND, South Carolina EDWARD M. KENNEDY, Massachusetts MARLOW W. COOK, Kentucky BIRCH BAYH, Indiana

CHARLES MCC. MATULAS, JR., Maryland QUENTIN N. BURDICK, North Dakota JOSEPH D. TYDINGS, Maryland ROBERT C. BYRD, West Virginia

SUBCOMMITTEE ON ANTITRUST AND MONOPOLY

PHILIP A. HART, Michigan, Chairman THOMAS J. DODD, Connecticut

ROMAN L. HRUSKA, Nebraska
JOHN L. MCCLELLAN, Arkansas

HIRAM L. FONG, Hawaii
SAM J. ERVIN, JR., North Carolina
EDWARD M. KENNEDY, Massachusetts

Howard E. O'LEARY, Jr., Staf Director and Chief Counsel

(II)


7/

[ocr errors]

Page

Report of National Association of Insurance Commissioners Subcommittee,

1968.

10775

Background on Traveler's LMSC plan...

10849

Background on Mercury Causalty Co. group plan..

10872

Background on family defender plan of Holland-American Insurance Co.. 10877

Miscellaneous information on group plans..

10885

Article: "A Review of Summary Report, Prices, and Profits in the Property

and Liability Insurance Industry and the Hoffiander-Mason Critique

Thereof," by Bernard L. Webb..

10892

Information supplied by Irving H. Plotkin of Arthur D. Little, Inc.- 10895

Report of the National Association of Insurance Commissioners Special

Committee on Automobile Insurance Problems.

11289

A bill: Senate of Maryland “to establish fairness in insurance under-

writing"

11477

Letter from attorney general of Texas on using investment income as

factor in computing premium rates for automobile insurance..

11479

Breakdown of clean risks and surcharged risks in assigned risk pools, from

National Association of Independent Insurers.

11484

Discussions of rate competition..

11487

Background on State rate matters.

11551

Articles:

Statement of Lawrence_Jones, president, American Insurance Asso-

ciation in support of Federal Insurance Guaranty Corp--

11751

Excerpt: Public appraisal of Automobile Insurance Rates and Re-

lated Topics, 1969, by staff of Insurance Information Institute..-- 11772

Excerpt: Royal Commission Automobile Insurance, British

Columbia, 1968...

11790

Statement of Vestal Lemmon, president, National Association of

Independent Insurers on Federal Insurance Guaranty Corp.--- 11846

"The Controversy Over Profitability in the Property-Liability

Insurance Industry,” the Insurance Stock Review, February 1970. 11834

"Lack of Precise Accounting Data Called Insurance Field Road-

block,” Journal of Commerce, November 7, 1968..

11844

"Identifying Merger Targets in the Property and Liability Insurance

Industry, by Richard L. Norgaard and David T. Crary, Financial

Analysis Journal, January-February 1970.-

11871

"Insurer Diversification Dominates Trends in 1969”, the National

Underwriter, January 24, 1970.

11875

"Accounting Practices and the Merger Movement,” testimony of

Abraham J. Briloff before the Senate Antitrust and Monopoly

Subcommittee, February 5, 1970.-

11883

Insurance Company Groups 1969," by Dr. Richard de R. Kip,

Florida State University--

11928

"A vote on Surplus Accounts in Property-Liability Insurance Com-

panies," by Dr. de R. Kip, Florida State University---

- 11934

(III)

Ptolna

« PreviousContinue »