Chapter 33.1 Key Terms Created by: Kourtland Koester

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