Chapter 33.1 Key Terms Created by Connie Li

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Across
  1. 1. the possibility of a catastrophe caused by a flood, tornado, hurricane, fire, lighting, drought, or earthquake
  2. 3. paid protection against loss due to injury or property damage
  3. 4. the threat of loss with no opportunity for gain
  4. 6. can be controlled
  5. 9. risk that meets an insurance company's criteria for insurance coverage
  6. 10. when there is likelihood of economic loss
  7. 11. the possibility of loss or injury
Down
  1. 2. risk that is unacceptable to insurance carriers because of the likelihood of loss is too high
  2. 5. risk of harm caused by human mistakes
  3. 7. when conditions can be controlled to minimize the chance of harm
  4. 8. the systemic process of managing risk to achieve your objectives