True or false: terrorism insurance is problematic by nature because it involves an accidental loss.

Expert Solution

True

Terrorism activities and its repercussions upon the properties and life are difficult to be assessed in terms of valuation. The loss could be highly difficult to predict or evaluate on the part of the Insurance companies,, in order to determine the cost of such claim settlements. It certainly involves the elements of accidental loss as well which makes its nature furthermore complicated and hence the same is covered by most of the Insurance companies by way of compensating for property damages insurance plans or for any other specific casualties

keosha answered 2 years ago

True or False Because it involves genetic modification, biotechnology does not play a role in sustainable...

True or False Because it involves genetic modification, biotechnology does not play a role in sustainable agriculture.

Accidental Death & Dismemberment Insurance covers accidents that results in death or loss of limbs due...

Accidental Death & Dismemberment Insurance covers accidents that results in death or loss of limbs due to accidents. Considering dismemberments only, let a discrete random variable X be the number of limbs lost from a policy holder in a given year. Suppose that the probability distribution of X is x 0 p(x)=0.80 1 p(x)=0.13 2 p(x)=0.04 3 p(x)=0.02 4 p(x)=0.01 (a) Find the expected number of limbs lost for a randomly selected policy holder in a given year. (b) suppose...

Ostensive definitions are problematic because they can always be interpreted in a different way. True or...

Ostensive definitions are problematic because they can always be interpreted in a different way. True or False? Wittgenstein criticizes the 'correspondence' view because it requires that some things already have meaning prior to anything being named. True or False? Wittgenstein's later position is that there is no 'essence' with regard to language. True or False?

TRUE OR FALSE Incorporating a business involves following state law.

True or False: Terrorism, or acts of violence by non-state actors, is distinguished from criminal acts...

True or False: Terrorism, or acts of violence by non-state actors, is distinguished from criminal acts on the basis of the purpose for which violence is carried out. In the case of terrorism, the purpose is making political changes. According to a cultural explanation of terrorism, in an attempt to preserve their threatened identity and values, groups actively distinguish themselves from despised “others.” At the local level, the cultural friction may translate into conflicts divided along religious or ethnic lines...

Insurance Policies are "contracts of indemnification" True or false?

True or false It is important to identify the cheapest bond to deliver because it is...

True or false It is important to identify the cheapest bond to deliver because it is the one the futures contract is priced off of. The conversion factor is the price of a bond with a face value of $1, coupon and maturity equal to that of the deliverable bond, and yield of 6 percent.

Question

True or false: terrorism insurance is problematic by nature because it involves an accidental loss.

Solutions

Expert Solution

Related Solutions