Changes in Weather Patterns Are Increasing Administrative Costs for Insurance

question 69

Multiple Choice

Changes in weather patterns are increasing administrative costs for insurance companies. These added costs often exceed the amount of the premiums coming in and claim payments going out. To address this problem, insurance companies typically

• A) increase dividend payments to shareholders.
• B) deny weather related claims for property damage.
• C) increase their investment income.
• D) build up the amount of their reserves.

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Definitions:

Social Anxiety

A chronic mental health condition characterized by significant anxiety or fear of being judged, negatively evaluated, or rejected in a social or performance situation.

Role-Play Exercises

Role-play exercises are training methods where individuals assume roles and act out scenarios to practice responses, develop skills, or enhance understanding in a controlled setting.

Social Techniques

Methods or strategies used to interact, influence, or relate to others in a social context.

Introspection

The process of examining or observing one's own mental and emotional states.