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  Version 1: Rebecca James calls her insurer at 3:00 am and asks the insurer to increase the coverage on her house from $1,600,000 to $1,800,000. The insurer agrees to do so. During the night the house burns to the ground, and the company denies liabil

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  Version 2: Operational Risk, Uninsurable Risks, and Risk Transfer Options: Businesses around the world are facing catastrophic losses as COVID-19 forces them to scale back operations or close their doors entirely. E.g. preliminary operational risk im

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