Last year, XYZ Insurance Company had a combined ratio of 102.4 and lost 10.2 million on the insurance that it sold.
The company, however, was required to pay income taxes. The best explanation for this apparent contradiction is that XYZ offset its underwriting loss with
A) increased loss reserves.
B) investment income.
C) increased loss adjustment expenses.
D) unearned premiums.
Question 2
Which of the following statements regarding terrorism insurance is (are) true? I. There is a federal backstop if terrorism claims are catastrophic. II. Private insurers market terrorism insurance.
A) I only
B) II only
C) both I and II
D) neither I nor II
(A) A 62-year-old patient with myxedema exhibiting marked edema of the face and a somnolent look. Th
Rate of Residential Change, Past Year, in the United States
When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Christian Gladu, The Bungalow Company, The Birch, North Town Woods, Bainbridge
Overfished per year
Cyanobacteria from 850 million years ago (Photo 2)