Why have finance companies begun to offer more mortgage and home equity loans?
Answer to relevant QuestionsHow does the primary function of an insurance company compare with that of a depository institution? Explain how annuities represent the reverse of life insurance activities.Identify the four characteristics or features of the perils insured against by property- casualty insurance. Rank the features in terms of actuarial predictability and total loss potential.What does the expense ratio measure? Identify and explain the two major sources of expense risk to a property–casualty insurer. Why has the long- term trend in this ratio been decreasing?A property–casualty insurer brings in $ 6.25 million in premiums on its homeowners MP line of insurance. The line’s losses amount to $ 4,343,750, expenses are $ 1,593,750, and dividends are $ 156,250. The insurer earns $ ...
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