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Frequency of loss or severity of loss

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Reference no: EM132552954

Devin Davis is an independent oil driller in Oklahoma. He feels that the most important risk he has is small property damages to his drilling rig, because he constantly has small, minor damage to the rig while it is being operated or taken to new locations.

a. Do you agree or disagree with Devin?

b. Which is more important, frequency of loss or severity of loss? Explain.

Reference no: EM132552954

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