Order the answer to: Water damage from a major flood in a Midwestern city

Academic Help business economics Order the answer to: Water damage from a major flood in a Midwestern city

business economics

Order the answer to: Water damage from a major flood in a Midwestern city

Question Water damage from a major flood in a Midwestern city resulted in damages estimated at $108 million. As a result of the claimant payouts, insurance companies raised homeowners’ insurance rates by an average of $59 per year for each of the 160,000 households in the affected city. If a 20-year study period is considered, what was the rate of return on the $108 million paid by the insurance companies?
Subject business economics
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