Respuesta :
The correct option is C. Reasons why market, financial, and production risks are often uninsurable include the potential to produce a catastrophic loss is great and The chance of loss cannot be accurately estimated.
A catastrophic loss may be described as a number of of things. The loss might be monetary in nature, or it it would constitute the loss of human lifestyles. severe climate situations may be the reason of losses that are unrecoverable for a family, business, or an coverage company. The demise of a key govt at an company whose involvement is tied to the viability of the enterprise, represents a loss this is catastrophic. Any unmarried event or series of happenings that purpose an extensive failure can have catastrophic results.
Illness can cause catastrophe. sure insurance guidelines cowl catastrophic illnesses, however a few guidelines fail to include less extreme ailments that may nevertheless have severe financial implications for human beings. subsequently, illness and ailment can cause a catastrophic loss in an individual's non-public life or business.
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Complete Question:
Reasons why market, financial, and production risks are often uninsurable include which of the following?
I. The potential to produce a catastrophic loss is great.
II. The chance of loss cannot be accurately estimated.
A) I only
B) II only
C) both I and II
D) neither I nor II
