Problem
Under the principle of insurance, the compensation that is provided is for the losses resulted from the risk existed previously. In some circumstances, for example natural disaster, not all losses could be claimed from the insurance company through the insurance policy subscribed. Discuss on why some losses could not be compensate under the law of insurance.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.