The XYZ Insurance Company had loss reserves of $7 million at the end of 2006. During 2007,

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The XYZ Insurance Company had loss reserves of

$7 million at the end of 2006. During 2007, it paid

$7 million in losses, and had loss reserves in the amount of $6 million at the end of 2007. What were the incurred losses for 2007?

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Fundamentals Of Risk And Insurance

ISBN: 978-1118534007

11th Edition

Authors: Emmett J. Vaughan ,Therese M. Vaughan

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Question Posted: Jul 12, 2024 10:03 AM

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The XYZ Insurance Company had loss reserves of $7 million at the end of 2006. During 2007,

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Fundamentals Of Risk And Insurance

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