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Question 1 :
a. An underwriter for X Insurance Company has the responsibility to set the insurance premium for a rating category with an expected loss equal to $2.0 million. Assume that, on average, the loss will be paid three years from now and X's loading percentage equals 40 percent. X's return on its investment portfolio is seven percent. Based on this information, calculate X's pure premium.
b. Based on the information in the previous question, calculate X Insurance Company's gross premium.
Define what types of material handling equipment you will use for your plant at the different steps of the process according to the previously chosen layout.
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When the overhead cranes crashed into each other for the third? time, Joe formed a team to look into ways to avoid future crashes.
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Discuss the ethical conduct of AIG executives and explain how a stronger ethics program might help the industry to strengthen the ethics of its corporate culture.
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