Assumption of Risk

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Assumption of Risk

1. In law, an agreement by which one party takes on the risk of another party, often for some compensation.

2. In torts, a defense in a lawsuit in which the defendant argues that the plaintiff took a risky action after having been informed of risks in such a way that a reasonable person would understand such risks. This limits the defendant's liability in the lawsuit. However, some states limit the use of the assumption of risk defense.
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Such risk assumption is not likely to occur with the presumably larger regional scales of climate change ...
In the slides, Cerner stated that the "federal opportunity is visible, but execution is critical and some risks are beyond our control." Additionally, the company said its "Population Health assumptions [have been] modified compared to prior years to reflect slower shift to risk assumption by providers." The slides also state that the company believes "margins have stabilized, and we are focused on returning Adjusted Operating Margin to over 20% and driving earnings growth greater than revenue growth, [but the] timing and amount of margin expansion may fluctuate based on several factors." Cerner also stated that it expects "strong cash flow growth after 2019, which includes campus related capex increase." Approaching noon, Cerner shares have slid $2.64, or 4.5% to $56.18.
The purpose of any alternative risk structure is to achieve the most appropriate balance between risk assumption and risk transfer to optimize savings while supporting the organization's risk management, financial and business objectives.
It is but another version of "protecting us from ourselves." And while the French have a different system of risk assumption and litigation, the situation on Mont Blanc may be a harbinger for mountain climbing in America's national parks.
The process involves several solutions including risk assumption, risk retention, risk transfer, and risk avoidance.
Similarly, the risk assumption of educational material was seen as largely irrelevant to a practice that they themselves thought about in terms of trust and relationships.
The scheme covers guarantee, risk assumption and recapitalisation measures in favour of banks operating in Germany.
Risk assumption is an acknowledgment of the existence of a particular risk situation and a conscious decision to accept the associated level of risk, without engaging in any special efforts to control it.
Organizations need to shore up their IT systems and risk assumption skills, DeVore says.
Here's how the job looks for many in the Fortune 500 (not adjusting for the effects of the worst financial crisis since the Great Depression): Manage a comprehensive risk transfer and risk assumption program attempting to show the benefit of moving more or less predictable losses off the balance sheet or the income statement.
This new environment caused company managers to violate the basic principles of risk assumption, all in an effort to chase the "god" of quarterly earnings.
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