An insurance company based in Newcastle is currently offering earthquake insurance to the residents of Newcaste. a. Does this represent common or independent risk? (Select from the drop-down menu.) The insurance company in this sifuation faces b. How could the ineurance company change the nature of the tisk it faces from common risk to independent risk? (Choose all carrect responsesi) A. It could offer earthquake insurance in other geographicat hyions: B. It could effer ollier types of insurance, such a fire, thet and hearth insurance C. It could only offer ineurance to people with nalid, utructuraily sound houtest. D. None of the above will be effective in reducing common tisk