The Estimation of Exposures, or External Hazards, in Fire Insurance: With Schedules and Formulas for Rating Risks, and Stenographic Formulas for Denoting Risks and Rates (Classic Reprint) - Softcover

William Frazier Ross

Softcover

ISBN 10: 1331961696 ISBN 13: 9781331961697

Publisher: Forgotten Books, 2019

Synopsis

Excerpt from The Estimation of Exposures, or External Hazards, in Fire Insurance: With Schedules and Formulas for Rating Risks, and Stenographic Formulas for Denoting Risks and Rates

1. Either in selecting risks or in making rates of premium, the various combinations of hazards which occur in the business of insurance must be computed in some way. The estimation of external hazards has always been one of the greatest difficul ties in intelligent fire underwriting. We have no statistics on Which to base any calculations of ex posares. Whatever statistics underwriters may have compiled from their own experience, they hold them at a premium, and make no exposure of them, unless it is in their published rates, Which include only simple hazards and a few of the simplest combina.

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Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

About this title

Product Description

Excerpt from The Estimation of Exposures, or External Hazards, in Fire Insurance: With Schedules and Formulas for Rating Risks, and Stenographic Formulas for Denoting Risks and Rates It is a fact generally understood, that a person who does not understand the first principles of fire insurance, may "accept an agency," and gradually acquire some knowledge of the business, without any effort or study, and without any expense to himself. That last clause should be modified: A fire insurance agent who does not understand his business is more apt to make large commissions. But if an agent would be able to rate a risk twice alike, he must read and study some. To understand and use the tables and formulas in the following pages, requires some reading and some study. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Edition details

• Publisher: Forgotten Books
• Publication date: 2019
• Language: English
• ISBN 10: 1331961696
• ISBN 13: 9781331961697
• Binding: Paperback
• Number of pages: 71