Chance of loss which is predictable under relatively stable circumstances. For example, Fire and perils of nature (such as wind or flood) produce losses which, in the aggregate over time, can be accurately predicted despite short-term fluctuations.
The Rantings of the barely human.
Chance of loss which is predictable under relatively stable circumstances. For example, Fire and perils of nature (such as wind or flood) produce losses which, in the aggregate over time, can be accurately predicted despite short-term fluctuations.