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:

Compliance, Safety

Refers to adherence to laws, regulations, guidelines, and specifications relevant to health and safety.

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility, and disclose the results in a transparent manner.

PMI

Project Management Institute, an organization offering certifications and resources for project management professionals.

Detailed Inspection

A thorough examination and analysis to ensure compliance with standards and identify any issues or defects.