please help solve

AutoSave O Homework2.Due.Feb28th (2) Search B = Page Layout Draw Formulas Data Review View Help JMP ale 2 Calibri 11 = = Home Insert X cut In Copy 3 Format Painter Clipboard A A .A 2 Wrap Text Merge & Center - Genera $ BIU B Alignment MA 1 The following table shows the performance of Garage Insurance Company for the current and prior year Current Year Prior Year Net Written Premiums 174,424,780 204,354,576 Net Earned Premiums 138,550,030 164,892,997 Losses incurred 79,255,459 97,184,368 Loss Adjustment Expenses Incurred 15,794,915 15,557,773 Other Underwriting Expenses 72,318,360 79,866,582 Dividends Paid to Policyholders No dividends paid to policyholders Underwriting Income Loss Ratio Expense Ratio 18 Combined Ratio Problem 1 Problem 2 Problems and Problems Type here to search o Bio a * Search AutoSave OB File Home 8 Page Layout Homework2.Due Feb28th (2) Formulas Data Review Insert Draw View Help JMP General RX Cut la Copy Format Painter Clipboard Calibri BIU 11 - AA === A E Wrap Text Merge & Center $ 58-98 % Number Font Alignment C D E F G H I J 2 For this problem, assume earned premium is the same as the written premium. Here is a part of financials for State Auto Financial dollars in millions 2018 2017 2016 2015 2014 Earned Premiums 1,238.00 1,276,10 1,291.10 1,275.90 1,068.70 Loss Ratio 64.30% 72% 73% 67.80% 72% Expense Ratio 36,30% 35.10% 33.50% 33.80% 34.50% Dividend Ratio 0.0% 0.0% 0.0% 0.0% 0.0% Combined Ratio Loss and Loss Adjustment Expenses Underwriting Expenses Problem 1 Problem 2 Problems and Problems Type here to search Search JMP View Help Save On Home Insert 4 x cut - - Format Painter Clipboard 8 Draw Page Layout Calibri 11 BIU B O Homework.Duc feb2011 (2) Formulas Data Review A A == A ESSE 2 Wrap Text Merge & Center - General $ % 9 8- You do not have first party coverage on your car and you get into an accident where you are deemend to be at Fault. Who pays for your automobile damages? Kevin has a $500 deductible for property damage and a limit for property damage of $10,000. Kevin doesn't notice his garage is closed and back into it as he tries getting out of the house. The garage costs $8,000 to fix. How much money does 4 his insurer pay? How much does he pay to fix the garage? Pro Problem 2 Problems and Problems Type here to search O ama e o AutoSave O Homework2.Due.Feb28th (2) Search B = Page Layout Draw Formulas Data Review View Help JMP ale 2 Calibri 11 = = Home Insert X cut In Copy 3 Format Painter Clipboard A A .A 2 Wrap Text Merge & Center - Genera $ BIU B Alignment MA 1 The following table shows the performance of Garage Insurance Company for the current and prior year Current Year Prior Year Net Written Premiums 174,424,780 204,354,576 Net Earned Premiums 138,550,030 164,892,997 Losses incurred 79,255,459 97,184,368 Loss Adjustment Expenses Incurred 15,794,915 15,557,773 Other Underwriting Expenses 72,318,360 79,866,582 Dividends Paid to Policyholders No dividends paid to policyholders Underwriting Income Loss Ratio Expense Ratio 18 Combined Ratio Problem 1 Problem 2 Problems and Problems Type here to search o Bio a * Search AutoSave OB File Home 8 Page Layout Homework2.Due Feb28th (2) Formulas Data Review Insert Draw View Help JMP General RX Cut la Copy Format Painter Clipboard Calibri BIU 11 - AA === A E Wrap Text Merge & Center $ 58-98 % Number Font Alignment C D E F G H I J 2 For this problem, assume earned premium is the same as the written premium. Here is a part of financials for State Auto Financial dollars in millions 2018 2017 2016 2015 2014 Earned Premiums 1,238.00 1,276,10 1,291.10 1,275.90 1,068.70 Loss Ratio 64.30% 72% 73% 67.80% 72% Expense Ratio 36,30% 35.10% 33.50% 33.80% 34.50% Dividend Ratio 0.0% 0.0% 0.0% 0.0% 0.0% Combined Ratio Loss and Loss Adjustment Expenses Underwriting Expenses Problem 1 Problem 2 Problems and Problems Type here to search Search JMP View Help Save On Home Insert 4 x cut - - Format Painter Clipboard 8 Draw Page Layout Calibri 11 BIU B O Homework.Duc feb2011 (2) Formulas Data Review A A == A ESSE 2 Wrap Text Merge & Center - General $ % 9 8- You do not have first party coverage on your car and you get into an accident where you are deemend to be at Fault. Who pays for your automobile damages? Kevin has a $500 deductible for property damage and a limit for property damage of $10,000. Kevin doesn't notice his garage is closed and back into it as he tries getting out of the house. The garage costs $8,000 to fix. How much money does 4 his insurer pay? How much does he pay to fix the garage? Pro Problem 2 Problems and Problems Type here to search O ama e o