Question: Consider the data in Table 6-6. Since 1980, what has been the necessary investment yield for the industry to enable the operating ratio to be

Consider the data in Table 6-6. Since 1980, what has been the necessary investment yield for the industry to enable the operating ratio to be less than 100 in each year? How is this requirement related to the interest rate risk and credit risk faced by a property-casualty insurer?

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