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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