Examlex
With respect to American Express's change process,which of the following steps answer the question "What needs to happen to make the change work?"
Flood Insurance
A specific insurance coverage against property loss from flooding, typically required for buildings in designated flood-prone zones.
Pooling Of Risk
The practice of spreading financial risks among a large number of participants, thereby minimizing the overall impact to any single participant.
Diversification
The strategy of investing in a variety of securities in order to lower the risk involved with putting money into few investments.
Flood Insurance Premiums
The payments made periodically to an insurance company in exchange for coverage against loss or damage caused by flooding.
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