a. How is the combined ratio of a property and casualty insurance company calculated, and what does
Question:
b. How is it possible for a property and casualty insurance company to be profitable if its combined ratio exceeds one (or 100 percent)?
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a The combined ratio is the sum of the loss ratio ...View the full answer
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Related Book For 
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
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