PROPERTY-CASUALTY INFLATION INDEXES BY

When reviewing a paper, one cannot help but be somewhat awed by the amount of effort and time that is consumed in the preparation and execution of this task. One is also drawn to the conclusion that more needs to be done. One can also be thankful. Mr. Masterson's paper falls into all of these categories. His paper is in fact a sequel to one published in these Proceedings. (II) That paper spawned much discussion and paved the way for future work; we find the sequel in much the same condition. In reviewing this paper I will present my own views of the con-tent. Having thoroughly reviewed it, I feel that there is much more here than a continuation or recompilation of a series of members. I will also present some background on Index Number Theory and several avenues of future work which may be of interest to the serious reader. Finally, two comments are worth making. First, the importance of bridging the gap between ratemaker and ratepayer could never b