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event risk

Event risk is the possibility of loss associated with fortuitous occurrences such as fires, hurricanes, or tortious conduct.

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Event risk, which is synonymous with pure risk, hazard risk, or insurance risk, presents no chance of gain, only of loss. The perils covered by traditional property and casualty (P&C) insurance products are within the realm of event risk.


Hazard Risk

Related Terms

Speculative risk refers to uncertainty about an event under consideration that could produce either...

Pure risk is the risk involved in situations that present the opportunity for loss but no...