Fire Insurance Rates and State Regulation (Classic Reprint) - Brossura

Gephart, William Franklin

Brossura

ISBN 10: 036443502X ISBN 13: 9780364435021

Casa editrice: Forgotten Books, 2018

Riassunto

Excerpt from Fire Insurance Rates and State Regulation

Supply and demand do not affect the price at which this indemnity is sold in the same manner in which supply and demand affect the price Of commodities. The losses which occur after the price is determined are the final determinants in fixing this price, and these losses are beyond the control Of the insurer. In certain cases, as in preferred risks upon which losses are very likely to be low, a condition of surplus of supply of insurance may exist. This condition may tend to establish inadequate rates. On the other hand it may happen that the supply of insurance for other classes of undesirable risks tends to be below the demand. The result is that the forces Of demand and supply do not establish that equilibrium which produces fair prices for all classes Of risks.

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Dettagli dell'edizione

• Editore: Forgotten Books
• Data di pubblicazione: 2018
• Lingua: Inglese
• ISBN 10: 036443502X
• ISBN 13: 9780364435021
• Rilegatura: Copertina flessibile
• Numero di pagine: 26
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