Ains 103 Exam Review Rated 100% Correct!!

The claims manager for Providence Mall knows the longer liability claims are open, the higher the demand and claim cost. The manager wants to use data analytics to predict the final settlement amount of bodily injury claims that are open over two years. The manager would also like to examine how much the amount varies based on the different areas in the mall and which stores have claims from injury occurring within the store. Which one of the following methods would help predict the cost of the claims with those attributes? {Ans: C. Cluster analysis}Hank is a new commercial insurance producer. He is walking down the main street of Springfield trying to determine which businesses might be eligible for the businessowners policy (BOP) and which would not be eligible. Which one of the following main street businesses would be ineligible for BOP coverage? {Ans: D. Springfield Bank}A private company posted a video on the internet introducing a new product. The music used in the video was from a copyrighted song. When the company sought coverage under Part B of their Commercial General Liability (CGL) Coverage Form after a claim was filed against them for damages, coverage will most