Question: Given the following data and using the loss ratio method, calculate the indicted rate change. Incurred loss $1,200,000 Earned Premium $1,500,000 Expense provision, including profit

Given the following data and using the loss ratio method, calculate the indicted rate change.

Incurred loss $1,200,000

Earned Premium $1,500,000

Expense provision, including profit & contingencies 25%

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