Loss event frequency - Study guides, Class notes & Summaries

RMI 2303 Exam 1 Nyce Questions and Answers 100% Pass Which describes the immediate cause of a loss peril Carly is involved in a 3 car auto accident. Which risk is this an example of particular risk risk prevention and risk reduction are both included in which of the following risk (loss) control which is a common pre-loss objective economy which is the last step in the risk management process (but is often done first)? review and evaluate risk reduction methods are best ap...

RMIN Daniel Brown Test 1 Latest Update 100% Pass exposure things of value (assets) that could be lost Perils things that could happen to your assets cause of a loss risk management what someone does to protect their assets or prevent/ reduce their losses risk a calculated possibility of a negative outcome uncertainty concerning the occurrence of a loss Calculated possibility a probablilistic outcome that is known or estimated ranges from 0 to 1 or a percentage 0 imp...

Respiratory Therapy - Lindsey Jones/Clinical Simulations 459 Questions with Verified Answers Information Gathering - Emphysema: (Abnormal condition of the alveoli resulting destruction and loss of elasticity) - CORRECT ANSWER LEVEL I : Cyanosis, Barrel chest, increased A-P diameter, Accessory muscle use, Digital clubbing of the nail beds, Significant history of smoking and/or occupational exposure to smoke or other pulmonary irritant LEVEL II : Dyspnea, Wheezing breath sounds LEVEL III ...

CISR - Elements of Risk Management Questions and Answers Already Passed A ____ is a cause of loss peril A situation, behavior, or condition that may lead to adverse financial consequences exposure A cyberattack is an example of a ____ peril An Insured who shows no regard for his insured property demonstrates a morale hazard A spill on a supermarket aisle is an example of a ____ because it increases the likelihood that someone will fall hazard A passenger enters an elevator. H...

RMIN 4000 uga test 1 latest update graded A+ types of risk -pure risk -speculative risk -diversifiable risk -nondiversifiable risk -enterprise risk -systemic risk risk uncertainty concerning the occurrence of a loss uncertainty probabilities cannot be estimated loss exposure any situation or circumstance in which a loss is possible, regardless of whether a loss actually occurs example: earthquake or flood causing damage to a manufacturing plant objective risk (degree o...

the probability that an event will occur; can be same for two outcomes but may have different objective risks - Chance of loss characterizes the relationship between two or more variables and then uses this characterization to predict values of a variable - regression analysis uncertainty concerning the occurrence of a loss - Risk the property or life that is being considered for insurance - Insurance form of risk any situation or circumstance in which a loss is possible, regardless of whe...

Pennsylvania Property and CasualtyLoss control Refers to actions taken and strategies implemented to reduce the frequency or severity of a loss. Insurance companies commonly incentivize their customers to implement loss contras by offering discounts that reduce insurance premiums -insurers make loss payments to insureds when a-loss is experienced to satisfy their contractual obligation to indemnify insureds against covered losses. - insurance may be used to protect large purchases of real a...

You are the security subject matter expert (SME) for an organization considering a transition from the legacy environment into a hosted cloud provider 's data center. One of the challenges you 're facing is whether the cloud provider will be able to comply with the existing legislative and contractual frameworks your organization is required to follow. This is a _________ issue. a. Resiliency b. Privacy c. Performance d. Regulatory D 76. You are the security subject matter expert (SME) ...

PJM Test Questions and Answers Already Passed Which of the following balancing control modes is used by PJM under normal operations? Tie-Line Bias Which of the following influences does PJM consider when performing their system load forecast? Weather Conditions & Day of the Week All of the following are limits that must be submitted to PJM for generating units EXCEPT: 1. Eco Min 2. Eco Max 3. Emergency Max 4. Dynamic Instability Dynamic Instability If PJM experienced an ...

RMI 2101 Exam 3 Latest Update Graded A+ Insurance Supply Insurers are willing to sell insurance at a particular price. Pi Price of insurance Pi = P* + Risk Charge + Loading Pmax the most an individual will pay for insurance for a particular risk. Risks are insurarable if.. Pi < Pmax Why might Pi > Pmax? - Pi is too high - risk charge is too high, loading costs are too high. - Pmax is too low - individuals underestimate the severity or frequency of the loss. Moral haza...