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Is disaster insurance unfair to insurance companies ? Explain your answer and provide an example.

For automobile insurance,  Describe how risk can be managed. Evaluate the risks in society. Discuss the relationship between risk and this type of insurance. Describe the risk management tools. Discuss the legal principles of risk and this type of insurance.

There are some risks that you can transfer to an insurance company.  There are also risks that you may want to retain.  We all know the common risks that are transferred to insurance companies:  auto, home, health, life.  Detail a risk that could be transferred to an insurance company, but isn’t utilized as often as the most common ones mentioned.  Explain the risk that can be transferred, when it’s used, and why it isn’t.

MATCH WITH THE  BEST ANSWER Liability Insurance Mistakes happen. You, your employees, your equipment or your suppliers could make mistakes that ultimately end up hurting your customers, your employees or other people who are involved with your business. To protect your business from being sued, you should consider these types of insurance to limit your liability: 1.   ____General liability   A.  Provides protection if you are sued by a client for errors, omissions or negligence, when performing professional services. 2.   ____Product liability   B.  Covers injury to clients or staff on your premises. 3.   ____ Professional liability insurance C.  Provides protection in the event that your products are defective or cause serious harm to those using them.

In insurance, all of the following losses are examples of pure risk EXCEPT: a. injury to a businessperson's customer b. drought c. decline of stock values on the stock market d. fire damage to a building

What happens in financial distress?

What kind of financial risk caused the SVB crisis, what could be done to deal with it and what could they have done to avoid it?

Discuss using practical example how risk management objectives fascilitatesan insurer’s role as a personal risk manage?

Whare are valid concerns can be challenging to running business and providing insurance coverage?

6. Explain how moral hazard could lead people to under-save if social security were replaced by voluntary personal accounts.

What are some reasons that a person may have poor net cash flow yet be considered to be in good financial health?

The greater your financial assets, less automobile liability insurance coverage is needed because you can afford the financial loss, i.e., "self-insure." True False