An exposure consist of the potential financial effect of an event multiplied by its probability of occurrence and risk is with probability of occurrence. Thus an exposure is a risk times its financial consequences.

Risk is an uncontrolled exposure to loss.

Acute health risk is a risk upon short-term exposure and chronic health risk is as a result of long-term (prolonged) exposure.

It means that the company is declining to renew your policy when it expires.

Risk Exposure - There has been a change or new risk exposure identified by the company that makes your home no longer eligible for coverage.

Risk Management - This generally indicates that the increase in risk exposure is something that the homeowners could manage, but have chosen not to correct.

That exposure will increase the risk, but a risk is not a certainty.