Which of the Following Is Likely to Occur If Lawsuits

question 54

Multiple Choice

Which of the following is likely to occur if lawsuits involving Property and Casualty insurance and amounts awarded rise dramatically?

• A)Insurance companies leave premiums unchanged
• B)Insurance companies would raise premiums
• C)Insurance companies hold less liquid assets to earn more income
• D)Insurance companies keep insurance rates low

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Definitions:

Organisational Strength

The capabilities and resources that give an organization a competitive edge or superior performance ability.

SWOT Analysis

A strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Out-Dated Facilities

Out-dated facilities refer to buildings, equipment, or infrastructure that are old, obsolete, and no longer efficient or effective for their intended purpose.

Environmental Opportunities

Refers to circumstances in the external environment that an organization can exploit to its advantage, often related to sustainability, market trends, or regulatory changes.