Historically, flood has been thought of as an uninsurable risk
, and your only option as a homeowner or a renter has been to purchase coverage through the National Flood Insurance Program (NFIP).
After an initial insurance package is executed, multinational corporations will have the opportunity to address uninsurable risk
factors by incorporating a strategy that better engages the specific population into their operations.
This bespoke solution was designed to cover this traditionally uninsurable risk
, which Roy Hill identified as a particular concern.
The price for not taking a highly aggressive loss-prevention approach to this largely uninsurable risk
can have life-changing consequences for directors and executives, and can be costly for organizations, both financially and in the court of public opinion.
After 9/11, there was a slowdown in commercial building because terrorism is an uninsurable risk
Now I have long thought that there is no such thing as an uninsurable risk
and I guess this would have been true in Llandudno had the club been prepared to pay an enormous sum.
Their findings suggest that, in general, when households face uninsurable risk
in the returns to their human or physical capital, it is useful to tax the income from these factors and then rebate the proceeds via a lump-sum rebate.
For example, losses from terrorist attacks through nuclear, chemical, biological and radiation devices would be mostly covered by the government because it is an uninsurable risk
It is this hands-on approach that has caused Sitomer to be sought by developers, lending institutions, construction and design professionals and the real estate brokerage community to help design programs that address this soon-to-be uninsurable risk
Terrorism is an uninsurable risk
that cries out for federal action and without it there could be catastrophic ramifications, he warned.
Terrorism for us became an uninsurable risk
for the same reason that war is excluded," says SAFECO's McGavick.
This article examines the design of an optimal policy for an insurable risk in the presence of another uninsurable risk