Chapter 33.1 Key Terms Created by: Anna Hill

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Across
  1. 3. the threat of a loss without opportunity for gain
  2. 5. occurs when conditions can be controlled to minimize the chance of harm
  3. 7. a risk that is unacceptable to insurance carriers because the likelihood of loss is too high
  4. 9. the systemic process of managing risk to achieve your objectives
  5. 10. a risk that meets an insurance company's criteria for insurance coverage
Down
  1. 1. a paid protection against loss due to injury or property damage
  2. 2. possibility of loss or injury
  3. 4. risk that can't be controlled
  4. 6. the possibility of a catastrophe caused by a flood, tornado, hurricane, fire, lightning, drought, or earthquake
  5. 8. occurs when there is likelihood of economic loss