« previous next »

Author Question: Laura Evans is risk manager of LMN Company. Laura decided to retain certain property loss exposures. ... (Read 112 times)

faduma

  • Hero Member
  • *****
  • Posts: 528
on: Jul 11, 2018
Laura Evans is risk manager of LMN Company. Laura decided to retain certain property loss exposures. Which of the following is a method that Laura can use to fund the retained property losses?
 
  A) current net income
  B) private insurance
  C) noninsurance transfer
  D) high deductibles

Question 2

Acme Company has three identical manufacturing plants, one on the Texas Gulf Coast, one in southern Alabama, and one in Florida. Each plant is valued at 200 million.
 
  Acme's risk manager is concerned about the damage which could be caused by a single hurricane. The risk manager believes there is an extremely low probability that a single hurricane could destroy two or all three plants because they are located so far apart. What is the probable maximum loss associated with a single hurricane?
  A) 0 million
  B) 200 million
  C) 400 million
  D) 600 million


kescobar@64

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Thyroid conditions may make getting pregnant impossible.

These species are all at risk of extinction. These species are all at risk of extinction.
2006 Data:Top 25 Substances Involved in Human Exposures 2006 Data:Top 25 Substances Involved in Human Exposures
Shope’s Model of Young Driver Crash Risks The model shows that many factors contribute to crash ris Shope’s Model of Young Driver Crash Risks The model shows that many factors contribute to crash ris
Alzheimer's Disease Risk Alzheimer's Disease Risk
How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree? How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree?
Comparison of loss- and gain-of-function alleles Comparison of loss- and gain-of-function alleles
Video: baroreceptors

For a complete list of videos, visit our video library