Claremont Corp.wants to buy insurance to protect itself against the possibility of financial loss if its new product line does not sell well.But Claremont will find that no company will sell it such insurance because new product development violates the verifiability criterion for insurable risks.

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The Answer of Claremont Corp.wants to buy insurance to protect itself against the possibility of financial loss if its new product line does not sell well.But Claremont will find that no company will sell it such insurance because new product development violates the verifiability criterion for insurable risks.