Whitewater Rapids provides canoes to tourists eager to ride Whitewater river's rapids. Management has determined that...

  

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Whitewater Rapids provides canoes to tourists eager to ride Whitewater river's rapids. Management has determined that tere is one chance ina thousand of a customer being injured or killed. Settlement of resulting lawits has an average cost of $650.000. insurance with a 550.000 deductible is available. It covers the costs of lawsuits. unless there is evidence of criminal negligence. What is the expected loss without insuance e s50 O $650 O 550.000 O S650,000 Question 37 2 pts As a result of an internal risk assessment, Allstate Insurance decided it was not profitable to provide hurricane insurance in the state of Florida. Allstate apparently chose to the risk of paying hurricane claims in Florida. reduce O share avoid accept Whitewater Rapids provides canoes to tourists eager to ride Whitewater river's rapids. Management has determined that tere is one chance ina thousand of a customer being injured or killed. Settlement of resulting lawits has an average cost of $650.000. insurance with a 550.000 deductible is available. It covers the costs of lawsuits. unless there is evidence of criminal negligence. What is the expected loss without insuance e s50 O $650 O 550.000 O S650,000 Question 37 2 pts As a result of an internal risk assessment, Allstate Insurance decided it was not profitable to provide hurricane insurance in the state of Florida. Allstate apparently chose to the risk of paying hurricane claims in Florida. reduce O share avoid accept

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Answer 650000 Explanation Whitewater will make provision fo... View the full answer