Question: Why can there be an increase in a risk's physical hazards when economic circumstances are good? Question 8 options: Claims frequency can decrease when an
Why can there be an increase in a risk's physical hazards when economic circumstances are good? Question 8 options: Claims frequency can decrease when an insured has more products in the marketplace Claims severity usually increases when the number of claims an insured has increases Insureds may try to cut expenses to stay competitive and increase profits Insureds may have no time to allocate to maintenance or housekeeping
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