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In later-no-harm systems, increasing the rating or rank of a candidate ranked below the winner of an election cannot cause a higher-ranked candidate to lose. It is a common property in the plurality-rule family of voting systems. For example, say a group of voters ranks Alice 2nd and Bob 6th, and Alice wins the election.
For insurance, the loss ratio is the ratio of total losses incurred (paid and reserved) in claims plus adjustment expenses divided by the total premiums earned. [1] For example, if an insurance company pays $60 in claims for every $100 in collected premiums, then its loss ratio is 60% with a profit ratio/gross margin of 40% or $40.
The second rate making method is class rating, or manual rating. This rating means that exposures with similar characteristics are placed in the same underwriting class, and each is charged the same rate. The advantage of class rating lies with its easy application and ability to quickly be obtained. [1] The third rate making method is merit ...
Microsoft Corp. (NASDAQ: MSFT) reported fiscal 2013 first-quarter results after markets closed today. For the quarter, the world's largest software company posted diluted earnings per share (EPS ...
Risk is the lack of certainty about the outcome of making a particular choice. Statistically, the level of downside risk can be calculated as the product of the probability that harm occurs (e.g., that an accident happens) multiplied by the severity of that harm (i.e., the average amount of harm or more conservatively the maximum credible amount of harm).
Reporting a loss is one of the most important duties stipulated in a standard home insurance policy. By reporting the damage promptly, you allow your insurance company to initiate the claims process .
Researchers have defined new criteria for a memory loss condition in older adults that is often mistaken for Alzheimer's disease, which could help doctors better diagnose the syndrome.
An acceptable loss, also known as acceptable damage or acceptable casualties, is a military euphemism used to indicate casualties or destruction inflicted by the enemy that is considered minor or tolerable. [1]