All of the following statements concerning risk management are correct except Group of answer choices that risk management addresses both insurable and uninsurable risks. the objective of risk management is to choose efficiently among the methods of handling risk, to avoid a catastrophic loss. the classic risk management model suggests that if the probability of loss is high and the severity is high, the risk should be insured. the classic risk management model suggests that if the probability of loss is low and the severity of loss is low, the risk should be retained