Yes, political correctness is a good thing because it was born out of necessity. There is a prevailing attitude of prejudice and hatred and ignorance in this country, and before political correctness became a thing, people were rampant in their insults and slurs.
Law of large numbers. The theory of probability on which the business of insurance is based. Simply put, this mathematical premise says that the larger the group of units insured, such as sportutility vehicles, the more accurate the predictions of loss will be. FAQs:
The U.S. insurance industry currently has more than 1,000 L/H insurers18 and more than 2,700. P/C insurers.19 Although there are fewer L/H insurers than P/C insurers, the size of the L/H. sector is greater in terms of premium volume and other metrics.20 The L/H sector accounts for. 58 percent of industry net written premiums (i.e., direct written premiums less reinsurance.