Welcome to the official homepage of MORAL HAZARD Georgetown University Law Center's Co-Ed a capella group. So, what is Moral Hazard anyway Moral Hazard See Hazard . Hazard: Moral Hazard In fire insurance, the risk or danger of the destruction of the insured property by fire, as measured by the character and interest of the insured owner, his habits as a prudent and careful man or the reverse, ...