Chapter 33.1 Key Terms Created by Brenda Zuniga

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Across
  1. 4. the possibility of a catastrophe caused by a flood,tornado,hurricane,fire,lightning,drought,or earthquake
  2. 8. cannot be controlled
  3. 9. a risk that meets an insurance company's criteria for insurance coverage
  4. 10. the threat of a loss with no opportunity for gain
  5. 11. paid protection against loss due to injury or property damage
Down
  1. 1. a risk that is unacceptable to insurance carriers because they likelihood of loss is too high
  2. 2. the possibility of loss or injury
  3. 3. occurs when conditions can be controlled to minimize the chance of harm
  4. 5. the risk of harm caused by human mistakes, dishonesty, or another risk that is attributed to people
  5. 6. when there is likelihood of economic loss
  6. 7. the systematic process of managing risk to achieve your objectives