Principles of insurance and Risk Management: Several types of risk are present in the american economy. For each, identify the type of risk that is present. - The department of homeland security alerts the nation of a possible attack by terrorists - a house may be severely damaged in a fire - a family head may be totally disabled in a plant explosion - A river that periodically overflows may cause substantial property damage to thousands of homes in the floodplain - Home buyers may be faced with higher mortgage payments if the Federal Reserve raises interest rates at its next meeting