Suppose a property & casualty insurer covers 250,000 houses. Based on historical evidence, an average ofN= 25,000 houses are destroyed every year, but the range is 22,500 - 27,500 over any given year. What is the objective risk of the insurer? ____________ . Suppose, after a heavy marketing campaign, they now insure 9,000,000 houses. The average loss is 900,000 houses and the losses range from 810,000 to 990,000. What is now the objective risk? ____________.