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gradient boosting; non-life insurance pricing; expert systems; predictive modelling; risk management; actuarial science1. Introduction Modelling claim frequency and claim severity are topics of great interest in property-casualty insurance (e.g., Third Party Liability (TPL) Motor Insurance) and a ...
1966: National Traffic and Motor Vehicle Safety Act The leading cause of death for Americans under the age of 44 in 1965 was automobile accidents. President Lyndon B. Johnson decided enough was enough and on Sept. 9 of the following year signed into law the National Traffic and Motor Vehicle...