Risks you are exposed to and how you can manage them (2)
For a risk to be insurable, there must be an element of uncertainty whereby the unfortunate may happen or may not happen. That uncertainty element allows the insurer to predict by the use of the law of large numbers and probability theory, that from a homogenous group transferring their risks, a given percentage might incur losses, and from the contribution of the homogenous group, the insurer can compensate the few amongst them.
Two die, one injured as building collapses in Abuja
Two people were feared dead in a building collapse, Tuesday, in Abuja while another person was critically injured and receiving treatment in the hospital.
Easy for Arsenal as Schalke edge into group stage
Arsenal made sure of a 16th consecutive appearance in the Champions League group stage on Tuesday, while German outfit Schalke joined them with a dramatic win in Greece.
FG urged to assist domestic airlines in securing aviation fuel
LAGOS—Domestic airlines in the country have appealed to the federal government to assist them with adequate supply of aviation fuel, otherwise known as JET-A1, lamenting that insufficient supply was impeding seamless operations.
Man nabbed for allegedly impregnating, aborting for teenager
Policemen at Igando division, Lagos have arrested a 42-year- old man for allegedly impregnating and aborting a two-month-old pregnancy of a teenager in Igando area of Lagos.
Tompolo Foundation trains science teachers
WARRI—TOMPOLO Foundation, a charity group founded by ex-militant leader, High Chief Government Ekpemupolo, A.K.A. Tompolo, yesterday, commenced a two-week capacity training for 50 secondary school science teachers in Warri North, South and South-West local government areas of Delta State.
Manager docked for alleged theft of N10m
Lagos—A manager of a filling station was Tuesday arraigned before an Ikeja Magistrate Court, for allegedly stealing N10 million.
Okorocha, Catholic doctors at war over abortion law
Imo State governor, Chief Rochas Okorocha, and Catholic Medical Practitioners Association are at daggers-drawn over the abortion bill the former just signed into law.
CAN begs ASUU, health workers to suspend strike
Bauchi —Bauchi State Chapter of the Christian Association of Nigeria, CAN, has appealed to the Academic Staff Union of Universities, ASUU, and Joint Health Sector Union, JOHESU, to sacrifice their interests and consider the plight of the masses who are victims of ongoing strikes.
Rivers Sports Commissioner, Igwe shot
THE Commissioner for Sports in Rivers State, Mr. Fred Igwe, was shot on Sunday by suspected assassins
Laudrup set to move for Odemwingie
Swansea City manager Michael Laudrup has admitted he is interested in a move for West Brom striker Peter Odemwingie.
U-17 World Cup matches will be keenly contested – Ugbade
Nduka Ugbade, one of the Assistant Coaches of the Golden Eaglets, has expressed joy at having Mexico— FIFA U-17 World Cup defending champions—in the same Group F as Nigeria.
Eaglets’coach comfortable with Under-17 World Cup draw
The Technical Adviser of the Golden Eaglets, Manu Garba, on Monday said that he was comfortable with the 2013 FIFA Under-17 World Cup draw.
New Super Falcons coaches to be named after Japan friendlies
Christian Chukwu, member, Technical Committee of the Nigeria Football Association (NFA), on Tuesday said the new Super Falcons’ coaches would be named after the team’s two friendly matches against Japan.
Akpabio lauds Mobil for sports development initiative
The Akwa Ibom State government is all praise for the grass roots development initiative of MPN, Operator of the NNPC/MPN Joint Venture.
