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 |
From inside the book
Results 1-5 of 100
Page 10812
... percent of the insurer - line combinations reporting their experience compared with 18 percent of all insurers , have encountered many or constant difficulties with respect to their rate filings but like the other insurers they reported ...
... percent of the insurer - line combinations reporting their experience compared with 18 percent of all insurers , have encountered many or constant difficulties with respect to their rate filings but like the other insurers they reported ...
Page 10815
... percent . This proposition , which is the most important of the thirteen , was affirmed by all the written statements except those submitted by two mutual insurers , the MIRB , and the AMIA , who objected vigorously . The AMIA , for ...
... percent . This proposition , which is the most important of the thirteen , was affirmed by all the written statements except those submitted by two mutual insurers , the MIRB , and the AMIA , who objected vigorously . The AMIA , for ...
Page 10817
... percent for the other four lines . Almost 40 percent of the insurers favored either an all - industry or a mandatory - bureau workmen's compensation rating law . Eight written statements opposed this proposition stating that there was ...
... percent for the other four lines . Almost 40 percent of the insurers favored either an all - industry or a mandatory - bureau workmen's compensation rating law . Eight written statements opposed this proposition stating that there was ...
Page 10826
... percent of all premium income to fire and casualty insurers . This alone would be Sufficient to make rate regulation a sensitive and troublesome issue since a 1 percent change in rate level on these lines can spell a difference of some ...
... percent of all premium income to fire and casualty insurers . This alone would be Sufficient to make rate regulation a sensitive and troublesome issue since a 1 percent change in rate level on these lines can spell a difference of some ...
Page 10828
... percent . Based upon the responses from forty jurisdictions , an examination of the statutes in the eleven other jurisdictions , and generally available material on rate regulation , it was decided that a dichotomic classification of ...
... percent . Based upon the responses from forty jurisdictions , an examination of the statutes in the eleven other jurisdictions , and generally available material on rate regulation , it was decided that a dichotomic classification of ...
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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...