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Please help solve. fr Current Year Prior Year Net Written Premiums 174,424,780 204,354,576 Net Earned Premiums 138,550,030 164,892,997 Losses incurred 79,255,459 97,184,368 Loss Adjustment Expenses
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fr Current Year Prior Year Net Written Premiums 174,424,780 204,354,576 Net Earned Premiums 138,550,030 164,892,997 Losses incurred 79,255,459 97,184,368 Loss Adjustment Expenses Incurred 15,794,915 15,557,773 Other Underwriting Expenses 79,866,582 72,318,360 9 Dividends Paid to Policyholders No dividends paid to policyho 10 Underwriting Income Loss Ratio Expense Ratio Combined Ratio 19 20 Problem 1 Problem 2 Problems3and4 Problems Ready Type here to search Name fi D 2 A @ @ @ @ ago Insert Function AutoSum Recently Financial Logical Text Date & Used Time function Library Lookup & Math & Reference Trig More Functions Name Manager om Selection 19 A 2 Auto Financial 2 For this problem, assume earned premium is the same as the written premium. Here is a part of financials for dollars in millions 2018 2017 2016 2015 2014 Farned Premium 1,238.00 1,276,10 1,291.10 1.275.90 1,068.70 Loss Ratio 64.30% 72% 73% 67.80% 723 Expense Ratio 36.30% 35.10% 33.50% 33.80% 34.50% Dividend Ratio 0.0% 0.0% 0.0% 0.0% 0.0% Combined Ratio Loss and Loss Adjustment Expenses Underwriting Expenses Problem Problem 2 Problems and Problems | Ready Type here to search Home Insert Draw Page Layout Formulas Dald RUVID view 6 Define Name 2 A @ sert ation AutoSum Recently Financial Logical Text Date & Lookup & Math & Used Time Reference Trig More Functions Name Manager ate from Selection F R Function Library Names a t Fault. Who You do not have first party coverage on your car and you get into an accident where you are deemend pays for your automobile damages? Kevin has a $500 deductible for property damage and a limit for property damage of $10,000. Kevin doesn't notice his garage is closed and backs into it as he tries getting out of the house. The garage costs $8,000 to fix. How much money does 4 his insurer pay? How much does he pay to fix the garage? Problem Problem 2 Problems3and4 Problems Type here to search t o a @ $ ZZZZZ17177277227 --- fr Current Year Prior Year Net Written Premiums 174,424,780 204,354,576 Net Earned Premiums 138,550,030 164,892,997 Losses incurred 79,255,459 97,184,368 Loss Adjustment Expenses Incurred 15,794,915 15,557,773 Other Underwriting Expenses 79,866,582 72,318,360 9 Dividends Paid to Policyholders No dividends paid to policyho 10 Underwriting Income Loss Ratio Expense Ratio Combined Ratio 19 20 Problem 1 Problem 2 Problems3and4 Problems Ready Type here to search Name fi D 2 A @ @ @ @ ago Insert Function AutoSum Recently Financial Logical Text Date & Used Time function Library Lookup & Math & Reference Trig More Functions Name Manager om Selection 19 A 2 Auto Financial 2 For this problem, assume earned premium is the same as the written premium. Here is a part of financials for dollars in millions 2018 2017 2016 2015 2014 Farned Premium 1,238.00 1,276,10 1,291.10 1.275.90 1,068.70 Loss Ratio 64.30% 72% 73% 67.80% 723 Expense Ratio 36.30% 35.10% 33.50% 33.80% 34.50% Dividend Ratio 0.0% 0.0% 0.0% 0.0% 0.0% Combined Ratio Loss and Loss Adjustment Expenses Underwriting Expenses Problem Problem 2 Problems and Problems | Ready Type here to search Home Insert Draw Page Layout Formulas Dald RUVID view 6 Define Name 2 A @ sert ation AutoSum Recently Financial Logical Text Date & Lookup & Math & Used Time Reference Trig More Functions Name Manager ate from Selection F R Function Library Names a t Fault. Who You do not have first party coverage on your car and you get into an accident where you are deemend pays for your automobile damages? Kevin has a $500 deductible for property damage and a limit for property damage of $10,000. Kevin doesn't notice his garage is closed and backs into it as he tries getting out of the house. The garage costs $8,000 to fix. How much money does 4 his insurer pay? How much does he pay to fix the garage? Problem Problem 2 Problems3and4 Problems Type here to search t o a @ $ ZZZZZ17177277227 Step by Step Solution
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