Faculty Advisor

Abraham, Jon P.


In business, it is important to be able to adapt to changes quickly and effectively. Government regulations are frequently changing and affect many different industries of American business. This paper outlines a process for evaluating and responding to change, with an in-depth example of its application to proposed hours of service regulations for truck drivers, and how new safety regulations will impact commercial auto insurers. Ultimately, we find the process to be effective in quantifying the impact of this legislation on expected future costs for the insurer. More broadly, the process outlined in the paper gives a structured approach to responding to change and can be used in a variety of situations.


Worcester Polytechnic Institute

Date Accepted

December 2011


Actuarial Mathematics

Project Type

Major Qualifying Project



Advisor Department

Mathematical Sciences