Month: January 2022

Drawbacks of Obtaining Coverage Through Risk Pools

What is a risk pool? A risk pool is a method of risk management typically practiced by businesses or governmental entities that come together to create a “pool” to provide financial protection against major catastrophes such as hurricanes, wind and hail damage, or fires. The purpose behind a risk pool is to spread these risks among a large number of contributors to the program in order to ease ...
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