[100% Academic Experts] Risk Management/ Principles of Risk Management and Insurance

The Best WritersPrinciples of Risk Management and Insurance Next here are the questions. They should be answered fully, utilizing APA style format writing. Make sure to answer every question fully. Assume that the chance of loss is 3 percent for two different fleets of trucks. Explain how it is possible that objective risk for both fleets can be different even though the chance of loss is identical.Several types of risk are present in the U.S. economy. For each of the following, identify the type of risk that is present. Explain your answer.The Department of Homeland Security alerts the nation of a possible attack by terrorists.A house may be severely damaged in a fire.A family head may be totally disabled in a plant explosion.An investor purchases 100 shares of Microsoft stock.A river that periodically overflows may cause substantial property damage to thousands of homes in the floodplain.Home buyers may be faced with higher mortgage payments if the Federal Reserve raises interest rates at its next meeting.A worker on vacation plays the slot machines in a casino.There are several techniques available for managing risk. For each of the following risks, identify an appropriate technique, or combination of techniques, that would be appropriate for dealing with the risk.A family head may die prematurely because of a heart attack.An individual’s home may be totally destroyed in a hurricane.A new car may be severely damaged in an auto accident.A negligent motorist may be ordered to pay a substantial liability judgment to someone who is injured in an auto accident.A surgeon may be sued for medical malpractice.Risk managers use a number of methods for managing risk. For each of the following, what method for handling risk is used? Explain your answer.The decision not to carry earthquake insurance on a firm’s manufacturing plantThe installation of an automatic sprinkler system in a hotelThe decision not to produce a product that might result in a product liability lawsuitRequiring retailers who sell the firm’s product to sign an agreement releasing the firm from liability if the product injures someoneWelcome to one of the bestassignmenthelpcompanies  online .·         Do you want to order for a customized assignment help task?·          Click on the order now button ·         Set up your topic, Fix the number of pages, Fix your Order instructions ·         Set up your deadline, upload the necessary files required to complete the task, Complete the payment. We delivery high quality and non plagiarized tasks within the stipulated time given SL