Risk Management Questions

Question 1:

I have mentioned the concept of “perfect market” in the supplemental note, and the implication of it on the practice of corporate risk management. I also mentioned that in order for risk management to create value, there must exist some market imperfections. Please research (using web, library, or other sources that you can access) and provide at least two types of market imperfections. Discussion their impact on risk management practices. (at least 100 words )

Question 2:

Explain the general rules of agency that govern the actions of agents and their relationship to insured’s. (at least 50 words)

Questions 3:

  1. What is the primary advantage of using whole life insurance over term insurance? (at least 50 words)
  2. What are the major differences between a traditional IRA and a roth IRA? (at least 50 words)

Questions 4:

  1. Explain the major defects in the tort liability system in US. (at least 50 words)
  2. Describe the duties imposed on the insured under a homeowner’s policy after a property loss occurs. (at least 50 words)

Questions 5:

A risk management committee for United Grain Growers identified 47 exposure areas. From this list, they chose the top six exposures – list at least four of these six risk exposures faced by UGG. (at least 50 words)

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