For property-casualty insurers,losses are higher for lines that are exposed to

Name: For property-casualty insurers,losses are higher for lines that are exposed to
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Long tail lines such as liability and workers' compensation tend to have higher losses in high inflation environments due to the increased cost of medical care and loss of future earnings. Short tail lines such as auto and property tend to have lower losses in low inflation environments as the cost of repairs and replacements are lower.

For Property-Casualty Insurers,losses Are Higher for Lines That Are Exposed