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A war is considered an uninsurable risk because it involves unpredictable and catastrophic events that can lead to widespread destruction and loss, making it difficult to calculate potential losses accurately. Insurance relies on the ability to assess risk and establish premiums based on statistical data; however, wars can have varying causes, durations, and impacts, defying reliable forecasting. Additionally, the scale of potential damages can exceed the financial capacity of insurers, leading to insolvency. Lastly, the moral hazard of insuring against war could encourage reckless behavior or escalation of conflicts.
What else can I help you with?
What risk did a soldier face if she survived being wounded in a civil war battle?
Infection
Would the nation have been willing to risk a civil war over the tariff issue?
No. MLM
Why weren't nuclear weapons used in the Vietnam war?
The US did not want to risk a nuclear confrontation with the communist superpowers.
Why did people go and risk their lives at war?
1. To protect their homeland 2. Earn money 3. To be King?!
How did the military draft cause social problems in the north during the civil war?
The Civil War was extremely unpopular war at the outset. A mandatory draft was considered unnecessary. The risk of death was high. It caused riots and other protests.
What do you know about insurable risk?
uninsurable risk means insuring against something that may happened unexpectedly. uninsurable risk means insuring against something that may happened unexpectedly.
Is risk of loss through an economic depression insurable?
no its uninsurable
What type of risk is not insurable?
Speculative (dynamic) risk is a situation in which either profit OR loss ispossible The outcome of such speculative risk is either beneficial (profitable) or loss. Speculative risk is uninsurable. Hope i helped!
When does the new national health care go into effect for high risk citizens that were supposedly uninsurable?
I believe starting 2014 insurance companies will no longer be able to turn someone down who is high risk, or for a pre-existing condition.
Why is the distinction between insurable and uninsurable risks significant for the theory of profit?
why is the distinction between insurable and uninsurable risks is significant for the theory of profit
What do you understand by the term risk assessment?
Defining the exposure to risk a company, individual, family or other group faces. This would include insurable and uninsurable risks, and would include the degree of risk and possible contributing factors.Answer:To have a careful inspection on the various factors that can bring risks.
What happen if any insurance wont re insure you after many claims?
You have become what is known as an uninsurable risk. Insurance is a statistical game working on the principle that only a proportion of insured events actually happen. But if you are an exception to this because you make regular claims, then you have to be excluded from the game.
How much did a 1948 Plymouth cost in1963?
Depends on so many factors as to be an uninsurable question.
Where can you get medical coverage if you are uninsurable in Georgia?
I have several companies that don't ask health questions or care what your past is
Can you be legally denied for life insurance while pregnant?
yes. if your general non pregnant health makes you uninsurable. and if your pregnancy is high risk for the mother they can as well, if this is the case shop around, their are specialty companies that might insure you depending on the condition. Or just wait till after you have the baby
How many accidents until you are uninsurable by insurance companies?
The number of accidents that can lead to being deemed uninsurable varies by insurance company and state regulations. Typically, having multiple at-fault accidents within a short period—often two to three in three years—can significantly increase your risk profile. However, each insurer has its own criteria, so it's essential to check with specific companies for their policies on insurability. Additionally, factors like the severity of accidents and driving history also play a crucial role.
What are some examples of uninsurable risks?
Not being smart. Having no friends. Being a plug. Having a small wiener.
