The danger of a large-scale loss due to a hazard that could affect a very large number of insured people; for example, an earthquake.
Related information about catastrophe hazard:
- Catastrophe Hazard Definition | Investopedia
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Definition of catastrophe hazard: The danger of a large-scale loss due to a hazard that could effect a very large number of insured people, for example, ...
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- Catastrophe Hazard: Definition from Answers.com
Catastrophe Hazard Circumstance under which there is a significant deviation of the actual aggregate losses from the expected aggregate losses.
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CRESTA promotes te accurate and efficient assessment and control of liabilties arising from the insurance and reinsurance of natural perils.
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