Chapter 33.1 Key Terms Created by: Dalton Polley

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