Shauna hurt her back and was unable to work. She filed a cla…

Shauna hurt her back and was unable to work. She filed a claim under her disability income insurance policy. Under terms of the policy, a period of time must pass between when the injury occurred and when the insurer begins to replace lost earnings. This time period is called a(n):

JKL Insurance Company reported the following information on…

JKL Insurance Company reported the following information on its accounting statements last year: Premiums Written $90,000,000Loss Adjustment Expenses $5,000,000Underwriting Expenses 30,000,000Premiums Earned $100,000,000Incurred Losses $70,000,000 What was JKL’s combined ratio last year?