保险学作业chper1-4.docVIP

QUESTIONS FOR REVIEW AND DISCUSSION Chapter one Define risk. List some ways in which risk creates an economic burden for society. 2. Classify each of the following hazards as physical, morale, or moral. a. A careless driver b. A person who suffers an exaggerated case of whiplash following an automobile accident c. A worker who occasionally leaves a dangerous machine unattended to take with friends d. An employee who occasionally embezzles money e. Icy road condition 3. ABC Company owns 10,000 cars and has determined that it is very likely to suffer between 60 and 70 collision losses this year. XYZ Company also owns 10,000 cars and has determined that it is likely to experience 50 to 80 collision losses this year. Compute the degree of risk for each company, assuming that the companies expect to suffer 65 losses each. 4. Define risk management and identify the steps in the risk management process. How does enterprise risk management differ from the traditional form of risk management? 5. Company A owns 100 buildings and averages 2 fires per year. Company B owns 1,000 buildings and averages 30 fires per year. Company A never experiences more than 3 fires a year, although in some years there are none. In some years Company B has as many as 36 fires but never has fewer than 24. Who is faced with the greater objective risk? Who has the greater chance of loss? Explain. Chapter 2 Name the requisites of insurable risk from the standpoint of (a) the insurer and (b) the insured. It has been suggested that the following risks are uninsurable. For each risk, indicate whether you agree or disagree and why. Risk of punitive damages awarded to punish and to deter the wrongdoer from repeating actions that cause a loss. Risk of loss through an economic depression. Risk that trade secrets of a firm might be stolen, thus causing the firm the los