:D
Thank you very much for your explanation.
The end of the passage implies that, to compensate for their huge loss, the insurers will__________.
a. resort to a very big increase in insurance premiums
b. ask for subsidies from the government
c.reduce their insurance coverage thereafter
d.require a higher interest rate from the bank.
The key is 'a' .
Now I see 'insurance premiums' refers to 'rate set by insurance companies'. When the rate is increased the companies are relieved. Is that right?
I am looking forward to hearing from you.
Thank you in advance.
Have a nice weekend.
Jiang
Quote:
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Originally Posted by tdol Raising rates is a relief to the insurance companies.  |