3-79 Factors That Affect the Predictability of Claims Loss Exposure

question 31

Multiple Choice

3-79 Factors that affect the predictability of claims loss exposure include

• A)unexpected increases in inflation.
• B)the frequency and severity of loss.
• C)the concept of long-tail risk.
• D)property versus liability coverage.
• E)All of the above.

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Definitions:

Paleoanthropology

A branch of anthropology focusing on the study of ancient humans and their predecessors through fossils and other remains.

Biological Family

The group of individuals related by blood or genetics, including parents, siblings, and extended relatives such as grandparents, aunts, and uncles.

HRAF

The Human Relations Area Files, a database of ethnographic information that facilitates cross-cultural studies.

Cross-cultural

Pertaining to or comparing different cultures, emphasizing differences and similarities in behaviors, practices, and beliefs.