Refer to the article in Topic 1 / Core Articles, "Hooligan, Terror Risk Pushed Up Russia World Cup Insurance Premiums". Recall our discussion in...

1. Refer to the article in Topic 1 / Core Articles, "Hooligan, Terror Risk Pushed Up Russia World Cup Insurance Premiums".a. Recall our discussion in class concerning three types of pure risk. Identify and briefly discuss one major type of pure risk illustrated in the article. What is the loss associated with this type of pure risk? How is the loss evaluated in terms of financial consequences? (4 points)b. Is the pure risk that you identify static or dynamic? Explain your answer. (2 points)c. What is the peril involved? (2 points)d. What type of hazard is illustrated in the article? Explain why your answer is an example of this type of hazard. In other words, why does it fit into the definition of a hazard in general? (4 points)2. Refer to the article in Case Studies / Target Data Breach, 'Target Still Doesn't Know the Full Cost of Its Breach'.1Recall our discussion concerning the cost or burden of risk. Also read about this concept in Chapter 1 of your text under the heading 'Financial Consequences of Risk' on pages 1.12 - 1.14. You will need to see how our discussion is related to the reading in the text in order to answer this question properly.Identify and briefly discuss two examples of cost of risk illustrated in this article. Briefly explain why each example you chose from the article represents a component of cost of risk. (4 points)1 Case Studies module is locate