All-risk insurance is a misnomer. Earthquake and flood are two of the primary exclusions under an all-risk policy due to the unpredictable and catastrophic nature of such events -- and the risk of adverse selection. Insurance professionals understand that all-risk insurance is subject to conditions and exclusions. Furthermore, consumer advocates want the anti-concurrent (ACC) clause to be eliminated because they believe it is unfair to insureds and violates the consumer's expectations of insurance coverage. The insurance industry believes the ACC language is necessary to prevent clearly excluded losses, such as flood and earthquake, from being covered by judicial decree.