3-90 the Decline in Premium Income from 2007-2009 in the Property-Casualty

question 27

Multiple Choice

3-90 The decline in premium income from 2007-2009 in the property-casualty industry can be explained by the

• A)failure of a large number of PC companies.
• B)federal government gradually increasing compensation and reconstruction assistance following natural disasters.
• C)merger of several of the largest U.S.property-casualty companies.
• D)increased availability of catastrophe bonds.
• E)less stringent oversight of the industry by state insurance commissioners.