Page 172 - RISK Management IC 86
P. 172
Risk Management
The valuation of liability losses also poses some problems,
like
(i) potential liabilities are often open ended and
(ii) they are affected by changes in law. So, the evaluation
of potential maximum losses necessitates a careful
study of the types of injuries or damage that may
arise out of the organisation's activities, and because
of the law, including recent court awards.
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