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15 February, 01:59

Why are speculative risks not insurable?

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  1. 15 February, 02:37
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    Only pure risks are insurable because they involve only the chance of loss. They are pure in the sense that they do not mix both profits and losses ... Both speculative risk and pure risk involve the possibility of loss. However, speculative risk also involves the possibility of gain as well - even if there is no loss.
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