Citizen's insurance is thinking about increasing their retention (deductible) from $1 Billion to $2 Billion. What are possible reasons for this strategy? Select all that apply Reinsurance costs have decreased Reinsurance costs have increased They may have more capital than before They may have less capital than before
Citizen's insurance is thinking about increasing their retention (deductible) from $1 Billion to $2 Billion. What are possible reasons for this strategy? Select all that apply Reinsurance costs have decreased Reinsurance costs have increased They may have more capital than before They may have less capital than before
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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F4.
Citizen's insurance is thinking about increasing their retention (deductible) from $1 Billion to $2 Billion. What are possible reasons for this strategy? Select all that apply
Reinsurance costs have decreased
Reinsurance costs have increased
They may have more capital than before
They may have less capital than before
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