Ch. 33.1 Key Terms Created By: Alyssa Goen

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