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In her annual report to the board of directors of Plum Manufacturing Co., the firms risk manager stated: We settled five product liability lawsuits last

In her annual report to the board of directors of Plum Manufacturing Co., the firms risk manager stated: We settled five product liability lawsuits last year. Which of the following does her statement refer to?

A. Intangibility of losses

B. severity of losses

C. frequency of losses

D. perils

E. hazards

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