Which one of the following would provide an example of social inflation?
A) Large malpractice awards beyond the level of damages incurred
B) Increase in costs on auto physical damage claims
C) Increase in prescription drug cost claims
D) Losses to repair damages caused by hurricanes in Florida
E) Rising cost of funeral expenses due to inflation
Correct Answer:
Verified
Q38: The two major components of expense risk
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Q40: The operating ratio is calculated as
A)the loss
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Q42: The P&C loss ratio on an insurance
Q44: Insurance companies face the problem of _
Q45: How do insurance guarantee funds differ from
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Q48: 
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