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#1
December 14th 03, 04:30 PM
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"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. 
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