12. Which of the following is the largest portion of policies written by Property & Casualty...

12. Which of the following is the largest portion of policies written by Property & Casualty insurance Companies: a. Fire c. Automobiles b. Homeowners d. Workers’ compensation

Expert Solution

Answer : c. Automobiles

Reason :-

According to various reports published by insurance companies & insurance magazine, the largest portion is of auto sector. It constitute around 40- 45% of total Property and casualities insurance.

jeff jeffy answered 1 year ago

All of the following decrease basis EXCEPT: Casualty restoration beyond bringing the property to pre-casualty condition....

All of the following decrease basis EXCEPT: Casualty restoration beyond bringing the property to pre-casualty condition. Insurance payments for a casualty loss. Depreciation. Cancelled debt.

Which one of the following is the ratio of insurance policies written to those that have...

Which one of the following is the ratio of insurance policies written to those that have been quoted to applicants for insurance? Select one: a. Underwriting ratio b. Hit ratio c. Persistency ratio d. Retention ratio

All of the following increase the basis of real property EXCEPT: Casualty restoration to bring the...

All of the following increase the basis of real property EXCEPT: Casualty restoration to bring the property to pre-casualty condition. Zoning costs to bring a property into compliance with government regulations. Assessments for local improvements, such as sewers and sidewalks, and the cost of extending utility service lines to the property. Repairs including interior and exterior repainting, fixing gutters, and patching leaks.

Dodd-Frank is an act which is not, technically, fully written. One portion of this act which...

Dodd-Frank is an act which is not, technically, fully written. One portion of this act which has gotten much attention in the past year is the “CFPB”. Provide an explanation of what CFPB is and what it does, in general. Also, provide some background as to why the agency has been in the news so much over the, say, past three to six months. (You are limited to one type-written page or less for your answer.)

Which type of financing constitutes the largest portion of long term care payments? What does that...

Which type of financing constitutes the largest portion of long term care payments? What does that mean for the quality of care? Does long term care financing of nursing care incentivize improving the quality of life or the length of life? How can we achieve a better system of care for the elderly?

6. A property insurer provided the following information: Premiums written &

6. A property insurer provided the following information: Premiums written $55,000,000 Expenses incurred 9,000,000 Incurred losses & loss adjustment expenses 38,000,000 Earned Premiums 42,000,000 a. What is the loss ratio? (1 point) b. What is the expense ratio? (1 point) c. What is the combined ratio? (1 point) d. What does it mean for an insurer to have a combined ratio > 1? Why might this be acceptable to the insurer? (1 point)

Identify the four characteristics or features of the perils insuredagainst by property-casualty insurance. Rank the...

Identify the four characteristics or features of the perils insured against by property-casualty insurance. Rank the features in terms of actuarial predictability and total loss potential.

Contrast the balance sheet of a property-casualty insurance company with the balance sheet of a commercial...

Contrast the balance sheet of a property-casualty insurance company with the balance sheet of a commercial bank. Explain the balance sheet differences in terms of the differences in the primary functions of the two organizations.

A. Discuss why Property & Casualty Insurers must be concerned about the yield on their investment...

A. Discuss why Property & Casualty Insurers must be concerned about the yield on their investment portfolio. B. As a result of these investment portfolio yield concerns, what are some suggestions for how this industry could change the way it conducts its business.

Which of the following is expected to have the largest London dispersion forces? C:12 g/mol Cl:...

Which of the following is expected to have the largest London dispersion forces? C:12 g/mol Cl: 35.5 g/mol N: 14 g/mol O: 16 g/mol A. CCl4 B. Cl2 C. N2 D. O2

Question