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A single earthquake damages a large number of buildings in a given geographic region. This simultaneous loss to a large number of policyholders insured by
A single earthquake damages a large number of buildings in a given geographic region. This simultaneous loss to a large number of policyholders insured by an insurer exemplifies: The law of large numbers Losses that are correlated Pooling of independent loss exposures A and B B and C
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Money Banking and Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
4th edition
978-0078021749
