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- 1.Five common classification clusters of riskIs it ethical for the restaurant to charge the customer when the customer did not show up for reservation? On the other hand, should restaurants be held liable for damages for not honoring the customer reservation? Please answer correct explain plz asapwhat is risk grievance mechanism Give examples
- Please answer part d. Minimax regret.Problem Description about Car insurance Services System ?Your insured telephones to report his/her parked car was struck by a hit-and-run vehicle and badly damaged. The incident was not witnessed and no details are known of the vehicle or driver causing the damage. What coverage under your insured's automobile policy, O.A.P. 1 Owner's Policy, would be needed for the damage to your insured's car to be covered? OA) Direct Compensation-Property Damage Coverage (Section 6). OB) Specified Perils (Section 7.1.2 A). OC) Collision (Section 7.1.2 C). OD) Uninsured Automobile Coverage (Section 5).
- Give a short overview of each of the five risk-management techniques.A 39S 2 the uncertain nature of health status gives rise to the demand for insurance coverage among persons who afe risk averse true falseAn individual health insurance policy contains a Change of Occupation provision. If the insured experiences a loss in a more hazardous occupation than when the policy was issued, the insurance company may: A) adjust benefits to the premium provides for the new occupational B) increase the waiting period to adjust for the occupational differences C) deny any daim on the bast of misrepresentation D) increase the deducible to adjust for the occupational difference
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