Results 131 to 140 of about 1,049 (171)

Ratemaking Determined to Be Retroactive‐and Illegal

Journal AWWA, 1988
A plan to provide compensation to rate‐payers for overearnings by a water company by reducing a proposed rate increase was considered to be retroactive rate making and in violation of state law.
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General Insurance Deductible Ratemaking

North American Actuarial Journal, 2017
Insurance claims have deductibles, which must be considered when pricing for insurance premium. The deductible may cause censoring and truncation to the insurance claims. However, modeling the unobserved response variable using maximum likelihood in this setting may be a challenge in practice.
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The Effects of Skewness for Insurance Ratemaking

1992
In Risk Theory only the actuarial risk is considered; the description of the actuarial risk is the probability distribution of the claims. On this basis an insurer’s necessary premium for covering the risk is derived. Financial models intend to develop lair” market rates of return and thus a normative price for a risky investment, or any asset in ...
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Risk Considerations in Insurance Ratemaking

The Journal of Risk and Insurance, 1978
This paper examines insurance pricing and its regulation in the context of efficient capital markets. Starting with an aggregated model and generalizing results reported recently in the literature about “proper” underwriting profit, the paper turns to disaggregation of the model with m insurance lines.
Nahum Biger, Yehuda Kahane
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Automobile insurance ratemaking in the presence of asymmetrical information

Journal of Applied Econometrics, 1992
AbstractAutomobile insurance is an example of a market where multi‐period contracts are observed. This form of contract can be justified by asymmetrical information between the insurer and the insured. Insurers use risk classification together with bonus‐malus systems.
Dionne, G, Vanasse, C
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Catastrophes and Workers Compensation Ratemaking

Variance, 2011
NCCI changed its workers compensation ratemaking methodology to improve the treatment of large individual claims and catastrophic multiclaim events related to the perils of industrial accidents, earthquake, and terrorism. NCCI worked with a well-known modeling firm to determine provisions for catastrophic events on a state basis.
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Ratemaking Methodology Deemed Improper

Journal AWWA, 1988
In litigation over water rates, an appellate court found that the rates charged by the City of Detroit did not reflect the actual cost of providing water to the City of Novi, Michigan, and that Novi was entitled to a refund.
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The Regulatory Framework of International Ratemaking

1978
The basis of the regulatory framework of postwar international civil aviation was laid by the International Civil Aviation Conference, held at Chicago in 1944.(1) This Conference, a great success in the technical field of civil aviation, left many economic questions of postwar international civil aviation unresolved.
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Special contracts and the ratemaking process

The Electricity Journal, 1997
Abstract Offering selective discounts to customers with competitive options employs price discrimination to benefit the utility and special contracts customers, but harms remaining ratepayers and society as a whole. The use of short-run marginal costs as a floor for special contracts rates also creates a problem by enabling the utility to engage in ...
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Government Control of International Ratemaking

1978
Ratemaking in international air transport is, as already noted in the Introduction to this book, a matter of vital importance for airlines, consumers and Governments. For airlines the level of international air fares and rates forms one of the cornerstones of their economic viability.
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