Actuarial Impacts of Loss Cost Ratio Ratemaking in U.S. Crop Insurance Programs
This study examines the actuarial implications of the loss cost ratio (LCR) ratemaking methodology employed by the Risk Management Agency as a component of base rates for U.S. crop insurance programs, and identifies specific conditions required for the LCR methodology to result in unbiased rates whe...
Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
Western Agricultural Economics Association
2011-04-01
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Series: | Journal of Agricultural and Resource Economics |
Subjects: | |
Online Access: | https://ageconsearch.umn.edu/record/105550 |