As a Result of Frequent Flooding, the Insurance Market Has

question 50

Multiple Choice

As a result of frequent flooding, the insurance market has noted a positive correlation between flooding and the amount of insurance monies paid out for such floods. Holding demand for insurance constant, if flooding is expected to continue to be a problem, flood insurance premiums will most likely:

• A) rise.
• B) fall.
• C) stay the same.
• D) rise, fall, or stay the same.

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Definitions:

Older People

Individuals who are in the later stages of their life, often considered to be those who are aged 65 years and older.

Older Adults

Individuals typically aged 65 and older, often characterized by varying degrees of health status, social integration, and independence.

Positive Over Negative

The preference or predominance of positive experiences or thoughts over negative ones.

Freud

Sigmund Freud, an Austrian neurologist, established psychoanalysis as a technique for treating mental disorders through conversation between a patient and a psychoanalyst.