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Other Fields Homework Help Insurance Topic started by: chouri on Jul 5, 2017



Title: Small Town used to be just that—a small town 6 miles from Large City. Over the years, the area ...
Post by: chouri on Jul 5, 2017
Small Town used to be just that—a small town 6 miles from Large City. Over the years, the area between Small Town and Large City has developed, and now Small Town is part of the suburbs surrounding Large City. An auto insurer that operated in the area had a large increase in auto claims from Small Town insureds. The insurer did not adjust its rates, and this year will lose money because of claims attributable to higher population density. Which business rating objective did this insurer fail to meet?
A) simplicity
B) stability
C) responsiveness
D) encouragement of loss control


Title: Re: Small Town used to be just that—a small town 6 miles from Large City. Over the years, the area ...
Post by: ownzore3 on Jul 5, 2017
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Title: Re: Small Town used to be just that—a small town 6 miles from Large City. Over the years, the area ...
Post by: chouri on Jul 6, 2018
Thanks for the help!