10.8. You are given the following information for an insurance with rates varying by territory...
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10.8. You are given the following information for an insurance with rates varying by territory and class: Losses Average Class Average Earned Premium at Differential Rate Current Rates Territory 1 1.25 200 374,000 Territory 2 1.40 280 420,000 Territory 3 1.60 240 120,000 Territory 1 is the base territory. Calculate the indicated territory differentials using the loss ratio method. 290,000 350,000 90,000
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