Chapter 33.1 Key Terms Created by Grace Skaggs

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