Question
In: Operations Management
The primary reason for the low profitability of homeowners' insurance companies in the 1990s was: A....
The primary reason for the low profitability of homeowners' insurance companies in the 1990s was:
A. losses from catastrophes.
B. poor underwriting.
C. mismanagement.
D. unexpected inflation.
Solutions
Expert Solution
✓ A) losses from catastrophes.
(Homeowner's insurance companies suffered with lower profitability in the year 1990, due to catastrophic events which led to heavy economic losses and damages.)
keosha answered 2 years agoRelated Solutions
Insurance. a. Name the primary reason why people buy insurance. b. Draw a graph of the...
Insurance.
a. Name the primary reason why people buy insurance.
b. Draw a graph of the conventional model of demand for
insurance where utility is a function on income.
c. What does the graph illustrate in terms of consumers
attitudes toward income gains and losses?
Which of the following is a screen against adverse selection? Insurance companies require homeowners to have...
Which of the following
is a screen against adverse selection?
Insurance companies
require homeowners to have smoke detectors
Rearview cameras in
cars.
Installing engine
monitors to track driving habits of the insured.
Prospective
secretaries must take a typing test before being hired.
A broker submits an application for homeowners insurance to an insurance company on behalf of a...
A broker submits an application for homeowners insurance to
an
insurance company on behalf of a client. The broker is
unaware
that although his client is the registered owner of the
property to be
insured, the insured has neglected to report that the home is
being
used to house a catering business. This means that the client
has
failed to disclose information on the insurance
application.
(a) If you are the underwriter on this risk and it comes to
your...
Q1 a) Ariel, a homeowners client new to your agency, previously carried homeowners insurance with a...
Q1
a) Ariel, a homeowners client new to your agency,
previously carried homeowners insurance with a company that does
not use ISO forms. Ariel's home is located on a bluff above a lake,
and he owns a boat. When discussing homeowners insurance with
Ariel, you should be sure to point ou
a. relevant differences in watercraft coverage between his old
policy and the ISO form.
b. the clear wording of watercraft coverage in the ISO
policy.
c. the limited amount...
discuss the source of funds and primary assets for banks , insurance companies and pension funds...
discuss the source of funds and primary assets for banks ,
insurance companies and pension funds in palestine
The two types of insurance companies are life insurance companies and ____ & ____ insurance companies....
The two types of insurance companies are life insurance
companies and ____ & ____ insurance companies. (no answer
choices available)
3. A broker submits an application for homeowners insurance to an insurance company on behalf of...
3. A broker submits an application for homeowners insurance to
an
insurance company on behalf of a client. The broker is
unaware
that although his client is the registered owner of the
property to be
insured, the insured has neglected to report that the home is
being
used to house a catering business. This means that the client
has
failed to disclose information on the insurance
application.
(a) If you are the underwriter on this risk and it comes to...
3. A broker submits an application for homeowners insurance to an insurance company on behalf of...
3. A broker submits an application for homeowners insurance to
an
insurance company on behalf of a client. The broker is
unaware
that although his client is the registered owner of the
property to be
insured, the insured has neglected to report that the home is
being
used to house a catering business. This means that the client
has
failed to disclose information on the insurance
application.
(a) If you are the underwriter on this risk and it comes to...
An insurance company sells homeowner's insurance to compensate homeowners in case of damage to their home....
An insurance company sells homeowner's insurance to compensate
homeowners in case of damage to their home. Suppose we assume that
the probability distribution of x = insurance company's payout on
all policies is severely right-skewed with a mean of $4,750 and a
standard deviation of $18,839.7850.
1. Consider a random sample of 9 homeowners who own this policy.
Find the mean and standard deviation of the average insurance
payout on these 9 policies.
µ x̄ = $____ (no commas)
σ...
A common goal of insurance regulators is to ensure availability of property insurance to homeowners residing...
A common goal of insurance regulators is to ensure availability
of property insurance to homeowners residing in urban areas.
Concerned that insurers will offer property business only in
upscale neighborhoods or urban areas, regulators in State A adopted
a regulation requiring insurers to maintain a business presence
throughout urban areas. State B adopted a regulation with the same
goal as State A; however, State B’s regulation does not exempt any
companies and includes a requirement that an executive from each...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- This is all one question, thank you so much in advance. The Bigbee Bottling Company is...
- For Questions 1-3: consider the following code: public class A { private int number; protected String...
- You are tasked with assessing the health department’s intervention program in preventing recurrence of acute alcohol...
- Compare the MOSFET, JFET , and BJT and identify the reasons these devices behave differently. What...
- How would you use SAS Enterprise Miner to create a neural network model of your example?
- Explain the use of neural networking modeling in predictive analytics.
- Current Market Mix of Netflix, as detail as possible, please.
ADVERTISEMENT