Water damage from flooding related

Reference no: EM13277718

Water damage from flooding related to hurricane Sandy in two northeastern Cities resulted in damages estimated at $216 million. As a result of the claimant payouts, insurance companies raised homeowners' insurance rates by an average of $118 per year for each of the 320,000 households in the affected coastal cities. If a 20-year study period is considered, what was the rate of return on the $216 million paid by the insurance companies?

Reference no: EM13277718

Questions Cloud

A married couple both addicted to drugs : A married couple, both addicted to drugs, are unable to care for their infant daughter. She is taken from them by court order and placed in a foster home.

Two fathers took their sons to a fruit stall : Two fathers took their sons to a fruit stall. Each man and son bought an apple, But when they returned home, they had only 3 apples. They did not eat, lost, or thrown. How could this be possible?

Large tribe obeys a strict reproductive custom : A large tribe obeys a strict reproductive custom. All families continue having children until they have a girl, and then they stop having more children. Assume it is equally likely for a given birth to produce a girl or boy, and assume families can h..

Straight line depreciation method : Using the Straight Line Depreciation Method, where; the Depreciation Amount (D) per year = the Initial Cost (C) - the Salvage Value (S) in year (n)/ the expected life of the asset in years(n) or D=(C-S)/n, calculate the amount of depreciation (D) for..

Water damage from flooding related : Water damage from flooding related to hurricane Sandy in two northeastern Cities resulted in damages estimated at $216 million. As a result of the claimant payouts, insurance companies raised homeowners' insurance rates by an average of $118 per year..

Pros and cons and a preliminary judgment on whether : A power station is planned in your local area and you have been requested to submit a primary cost-benefit analysis of the potential economic and environmental impact that the station could have. Prepare a list of pros and cons and a preliminary judg..

Electronic medical record-electronic health record : Health care has become to depend on information technology (IT) to deliver, monitor, and communicate health care delivery. Discuss the role IT has on the measuring and improving the quality of care being delivered. How will the electronic medical rec..

Discuss state licensure requirements : Discuss state licensure requirements that an organization must comply with in order to become a Medicare Advantage Plan, any exceptions to the State licensure requirement, and any cases in which special consideration is given to particular types of e..

Regarding pandemic outbreak and other future pandemic issues : A wave of pandemic illness can host a variety of ethical considerations. Please apply the importance of ethics to the process of policy making regarding pandemic outbreak and other future pandemic issues.

User Account

All Pages