Collision frequency Study guides, Class notes & Summaries

1. Lannister Insurance Company insures 200,000 vehicles. In 2019, they paid a total of $136,000,000 in collision losses to the owners of 16,000 of those vehi- cles. What was Lannister's collision loss frequency in 2019?: Ans- 0.08 (16k/200k) 2. Lannister Insurance Company insures 200,000 vehicles. In 2019, they paid a total of $136,000,000 in collision losses to the owners of 16,000 of those ve- hicles. What was Lannister's collision loss severity in 2019?: Ans- 8500 (136M/16K) 3. Michae...

chance or uncertainty of loss - ANSWER risk another term that means almost the same thing as risk is ______________ - ANSWER exposure people have developed several different methods for managing risks for serious financial losses. One method is simply to _________________. For example you can ___________ the risk of being in an auto collision by never getting into a car. - ANSWER avoid risk, avoid is isn't practical to avoid all risks. fortunately you can also ___________ risk to some ...

RMIN TEST 1 Questions And Answers Exam 2024 risk - ANS-an uncertainty concerning the occurrence of a loss loss exposure - ANS-any situation/circumstance in which a loss is possible, regardless of whether a loss occurs objective risk - ANS-(degree of risk) the relative variation of actual loss from expected loss law of large numbers - ANS-as the number of exposure units increases, the more closely the actual loss will approach the expected loss subjective risk - ANS-uncertainty based on ...

RMIN 4000 UGA Test 1 Questions & Answers What is risk? - ANS-a calculated possibility of a negative outcome What is calculated possibility? - ANS-a probabilistic outcome that is known or estimated (ranges from 0% to 100%) What is a negative outcome? - ANS-a loss that must be quantifiable What is frequency? - ANS-how often a loss occurs (frequency= number of losses / number of exposures) What is severity? - ANS-How much a loss costs when it occurs (severity = total losses ($) / number of ...

Frequency - ANSWER-How often does a loss occur? The number of losses (such as fire, theft, collision) that occur within a specified time period probability of a loss severity - ANSWER-How much does it cost when a loss does occur? The dollar amount of loss for a specific peril (fire, theft, collision) Peril - ANSWER-cause of a loss Ex. fire, tornado, collision, burglary hazard - ANSWER-condition that creates or increases the frequency and/or severity of a loss physical hazard - ...

Strephosymbolia - ANSWER-means twisted symbols. The first term Orton used for dyslexia. phonetics - ANSWER-the study of speech sounds in spoken language phonological awareness - ANSWER-the ability to focus on units of sound in spoken language at the sentence, word, syllable and phoneme levels phonemic awareness - ANSWER-awareness of speech sounds or phonemes in spoken words phonics - ANSWER-instruction that connects sounds and letters synthetic phonics - ANSWER-explicitly teaches ...

Peds & Maternity HESI The nurse is caring for a 3 year old child who is 2 hours postop from a cardiac catheritization via the right femoral artery. Which assessment finding is an indication of arterial obstruction? - ANSWER Right foot is cool to the touch and appears pale and blanched During fundal massage, place one hand at the fundus, what is the second hand used for - ANSWER to anchor fundus Following a motor vehic...

AQA A LEVEL CHEMISTRY ORGANIC AND PHYSICAL CHEMISTRY PAPER 2 QP 2020 rate of a chemical reaction - ANS how fast the reactants are changed into products slow reactions - ANS rusting of iron chemical weathering fast reactions - ANS burning explosions rate of reaction graphs - ANS steeper line = faster rate flat = reaction finished higher line = more reactants and products collision theory in rate of reaction - ANS 1. collision frequency of reacting particles more...

S1 Canadian Aviation Regulations Questions with complete solution 2023/20241-What word includes all machines capable of deriving supporting the atmosphere from the reactions of the air? - correct answer Aircraft 33-What precaution shall be taken, with regard to collision, before a take-off is commenced - correct answer No aircraft shall take-off or attempt to take off if there is an apparent risk of collision 115-What does the meteorological term "CAVOCK" mean? - correct answer No cloud ...

frequency - ANSWER-- how often does a loss occur? - the number of losses (such as fire, theft, collision) that occur within a specified time period. - probability of a loss ex) probability of a fire is 0.0071 per loss exposure per year severity - ANSWER-- how much does it cost when a loss does occur? - the dollar amount of loss for a specific peril (fire, theft, collision). ex) average fire loss is $32,547 peril - ANSWER-- cause of a loss - things that could happen to assets - ...