Peril and hazard in Relation to Insurance

Posted by Warren Fyfe on December 16, 2012 in Warren Fyfe Site

These two items are one of the many aspect of risk and it relates to the cause of losses: A peril can be defined as that which gives rise to a loss. A hazard can be defined as that which influences the operation of the peril. At first, the distinction between the two may not [...]

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