Chapter 33.1 Key Terms Created by: Mia Strahl

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