Reasons why market,financial,and production risks are often uninsurable include which of the following?
I.The potential to produce a catastrophic loss is great.
II.The chance of loss cannot be accurately estimated.

Question

Quizplus · Accepted Answer

Market, financial, and production risks are often uninsurable because both options I and II are valid. The chance of loss cannot be accurately estimated for these types of risks, and the potential to produce a catastrophic loss is great. Therefore, both reasons make it difficult to provide insurance coverage for these risks.

Reasons Why Market,financial,and Production Risks Are Often Uninsurable Include Which