"ArtP" wrote in message
...
On Fri, 12 Dec 2003 17:41:57 -0700, "Tom" wrote:

.
Insurance actuaries do not base their rates on "lately".

They doubled in one year because there were a lot of accidents
"lately". When you have a new model plane, "lately" is all there is.


Correct: I should have said "reduce", not "base". Once a pattern is in, I'd
say it's going to take a long time for it to be reversed. OTOH, a series of
crashes, a new model or not, is likely to kick the rate up into the attic.