Which of the following is a recognized classification of torts?

A small property and liability insurance company concentrated its underwriting efforts in one city in Oklahoma. When tornadoes damaged a large number of structures in the city, the insurer did not have adequate financial resources to pay the losses and it became insolvent. Which characteristic of an ideally insurable risk was violated in this scenario?

(a) there must be a large number of exposure units (b) the loss should not be catastrophic (c) the loss must be accidental and unintentional (d) the loss must be determinable and measurable

The market leader should look for new customers or more usage from existing customers

Indicate whether the statement is true or false