The Insurance Industry: Hearings Before the Subcommittee on Antitrust and Monopoly of the Committee on the Judiciary, United States Senate, Eighty-fifth -[Ninety, Issue 1U.S. Government Printing Office, 1970 - 5708 pages |
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Page 10834
... average expected loss ratio would be sufficiently above California's four - year average of .55 to make the state's rate level excessive . H. Commercial Multiperil - All Insurers In only one year , as indicated in Table XV , was ...
... average expected loss ratio would be sufficiently above California's four - year average of .55 to make the state's rate level excessive . H. Commercial Multiperil - All Insurers In only one year , as indicated in Table XV , was ...
Page 10835
... average . When the data for these two states are removed from the CNU states , their three - year percentage ( 2.19 ) falls below that of the two CU states ( 2.61 ) . Since New York and North Carolina are compulsory states , it would ...
... average . When the data for these two states are removed from the CNU states , their three - year percentage ( 2.19 ) falls below that of the two CU states ( 2.61 ) . Since New York and North Carolina are compulsory states , it would ...
Page 10837
... average . While the CU " group " generally had lower loss ratios . lower percentages of earned premiums derived from assigned risk plans , greater percentages of market concentration when bureau affiliation was disregarded , less market ...
... average . While the CU " group " generally had lower loss ratios . lower percentages of earned premiums derived from assigned risk plans , greater percentages of market concentration when bureau affiliation was disregarded , less market ...
Page 10878
... Average annual premium . Family Defender .. Average annual savings .. RATE COMPARISON First car Second car Annual total $ 167.00 $ 214.00 $ 381.00 123.60 235.80 359.40 152.00 227.20 379.20 163.20 213.00 376.20 151.45 222.50 373.95 ...
... Average annual premium . Family Defender .. Average annual savings .. RATE COMPARISON First car Second car Annual total $ 167.00 $ 214.00 $ 381.00 123.60 235.80 359.40 152.00 227.20 379.20 163.20 213.00 376.20 151.45 222.50 373.95 ...
Page 10938
... average profits of several hundred companies but rather with the profitability of the insurers which write the bulk of the insurance business . According to our calculations the top ten stock insurers , for example , had an average rate ...
... average profits of several hundred companies but rather with the profitability of the insurers which write the bulk of the insurance business . According to our calculations the top ten stock insurers , for example , had an average rate ...
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Common terms and phrases
accident Allstate ALLSTATE INSURANCE COMPANY American Insurance Association analysis Area Code 512 Arthur D assets assigned risk plans auto automobile insurance automobile liability average basis Best's California changes claims classification Commission Committee competition COMPUSTAT considered Corporation cost coverage dividends drivers earned economic effect equity excessive expenses experience factors federal figures fire and casualty Georgia Hofflander increase insolvency insurance business Insurance Commissioner Insurance Company Insurance Department insurance rates investment income liability insurance industry loss ratios loss reserves market value Mutual Insurance NAIC Norgaard and Schick operating payments percent period Plotkin policyholders present prior approval problem property and liability proposed question rate levels rate of return rate regulation rating bureaus rating laws rating organization reasonable reinsurance standards statement statistical Subcommittee surplus underwriting profit unearned premium reserve unrealized capital gains
Popular passages
Page 11127 - A public utility is entitled to such rates as will permit it to earn a return on the value of the property which it employs for the convenience of the public equal to that generally being made at the same time and in the same general part of the country on investments in other business undertakings which are attended by corresponding risks and uncertainties...
Page 10962 - By that standard the return to the equity owner should be commensurate with returns on investments in other enterprises having corresponding risks. That return, moreover, should be sufficient to assure confidence in the financial integrity of the enterprise, so as to maintain its credit and to attract capital.
Page 11015 - ... equal to that generally being made at the same time and in the same general part of the country on investments in other business undertakings which are attended by corresponding risks and uncertainties; but it has no constitutional right to profits such as are realized or anticipated in highly profitable enterprises or speculative ventures.
Page 11529 - From the investor or company point of view it is important that there be enough revenue not only for operating expenses but also for the capital costs of the business. These include service on the debt and dividends on the stock.
Page 10921 - During the course of hearings before a subcommittee of the Subcommittee on Antitrust and Monopoly Legislation of the Committee on the Judiciary...
Page 11069 - ... from the proof presented upon such claim that such person would be able to obtain a judgment upon such cause of action against such insured...
Page 11575 - The purpose of this act is to promote the public welfare by regulating insurance rates to the end that they shall not be excessive, inadequate or unfairly discriminatory...
Page 11059 - In 1869 this Court held, in sustaining a statute of Virginia which regulated foreign insurance companies, that the statute did not offend the Commerce Clause because "issuing a policy of insurance is not a transaction of commerce.
Page 11565 - ... days after notice of the order to the insurer or organization, make written request to the commissioner for a hearing thereon. The commissioner shall hear such party or parties within twenty days after receipt of such request and shall give not less than ten days' written notice of the time and place of the hearing.
Page 11668 - Due consideration shall be given to past and prospective loss experience within and outside this state, to the conflagration and catastrophe hazards, to a reasonable margin for underwriting profit and contingencies, to dividends, savings or unabsorbed premium deposits allowed or returned by...