Provide a recommended risk mitigation technique or idea

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Reference no: EM133036419

1. Are correlated or uncorrelated (independent) losses harder to insure against? Briefly explain your answer and provide one example of a correlated loss.

2. Provide an example of two pure risks and two speculative risks. Select one of your examples provide a recommended risk mitigation technique or idea.

3. There are other risk transfer techniques in addition to purchasing insurance, please name or briefly explain two of those. Why isn't insurance typically available for speculative risks?

Reference no: EM133036419

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