How is loss prenention different from loss reduction

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Reference no: EM13539112

1. how is loss prenention different from loss reduction? Give some examples of each.
2. Describe the advantages and disadvantages of using insurance as a loss-fiancing technique.
3.From the viewpointof the option holder, what is the difference between a call option and a put option?
4.How does insurance redistribute the costsof losses?
5. Describe the difference between a named-perils policy and an open-perils policy?
6. What is difference between a harzed and a peril? Give examples of each.
7. Explain the differences between social insurance and private insurance programs

Reference no: EM13539112

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