The phrase "hazard problem" refers to a situation or issue that involves a potential danger or risk. It means there is something risky or unsafe that needs to be addressed or solved. Full definition
How can one have a moral hazard problem when much of the use of the insured services is compelled by the actions of a hostile third party? (prawfsblawg.blogs.com)
The application of prevention principles to facility construction, maintenance, and timely repair is a major solution for significantly controlling school health hazard problems now and in the future. (educationworld.com)
This is a way of solving a grave moral hazard problem: operators might sell plots, and then walk away from their maintenance obligations. (worthwhile.typepad.com)