Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
Home Q & A Board Other Fields Homework Help Business Management
New Topic  
medulla medulla
wrote...
Go to Answer
Posts: 653
Rep: 0 0
7 years ago
Rusty is the president of The Huge Insurance Company. His Vice-President in charge of Finance comes to him one day and says "Rusty, our combined ratio for the year is 95%." Rusty replies, "Wooo hooo, profit sharing bonuses for everyone!" Why isn't Rusty upset about this combined ratio?
A) The company probably made enough money on its investments to make up for the underwriting losses.
B) The company has actually made a profit on its insurance business.
C) Rusty is not very bright and doesn't understand what the combined ratio really means.
D) The combined ratio is not an important indicator of underwriting results.
Textbook 
Introduction to Risk Management and Insurance

Introduction to Risk Management and Insurance


Edition: 10th
Authors:
Read 249 times
2 Replies
Replies
Answer verified by a subject expert
nationalnational
wrote...
#1
Posts: 420
Rep: 6 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Zy
wrote...
#2
2 years ago
Ty Slight Smile
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1458 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 231
  
 687
  
 971
Your Opinion
Which country would you like to visit for its food?
Votes: 262
Previous poll results: What percentage of nature vs. nurture dictates human intelligence?