Fundamentals of Salesmanship, by Norris A. Brisco Macfarland and Irving D. Rossheim Thurman W. Van Metre Elements of Transportation, by Emory R. Johnson Ocean and Inland Water Transportation, by Emory R. Johnson Railroad Traffic and Rates, by Emory R. Johnson and Grover G. Huebner Railroad Finance, by Frederick A. Cleveland and Fred. W. Powell Railroad Administration, by Ray Morris Railroad Accounting, by William E. Hooper Agricultural Commerce, by G. G. Huebner Irrigation Management, by Frederick Haynes Newell Irrigation in the United States, by R. P. Teele New Volumes Will be Added to This List at Frequent Intervals D. APPLETON AND COMPANY, PUBLISHERS, NEW YORK 177 B COMPENSATION INSURANCE INDUSTRIAL ACCIDENTS AND THEIR PREVENTION, COMPENSATION BY INSTRUCTOR IN INSURANCE, WHARTON SCHOOL OF FINANCE AND COMMERCE UNIVERSITY OF PENNSYLVANIA PREFACE The inadequacy of the employers' liability principle gave rise to a demand for more liberal legislation and the period beginning with 1911 has been marked by the enactment of workmen's compensation laws granting benefits to workmen for practically all injuries occurring during working hours. Such laws are now in force in thirty-two states and two territories, and an act was passed in 1916 covering all civil employees in the service of the Federal Government. These developments have broadened and intensified the need for insurance to relieve employers of the uncertain and heavy burden of payments to employees and to secure workmen in their rights to receive compensation. To furnish insurance commensurate with these needs both private and governmental agencies have been created and extended. Workmen's compensation and its insurance involve numberless intricate problems, legislative, administrative, and technical. The revolutionary nature of the principle and its rapid adoption have made it difficult to arrive at adequate solutions. Much remains to be done, but the accomplishments of legislators, public and private officials, and insurance scientists have been remarkable, and what might have been a growth of many years has been compressed into six. The work of these six years has been fundamental, precedent has not been allowed to rule, and the future will probably see the development of present principles rather than the discovery of new ones. This volume aims to present the results of the workmen's compensation movement in the United States in terms of legislation and insurance practice, and to ex |