Flood insurance: who needs it?

## The Perils of Predictability: Moral Hazard and Adverse Selection in Insurance Insurance, at its core, is about managing risk. We pay premiums to protect ourselves from unexpected events, from car accidents to medical emergencies. But the insurance industry itself is constantly grappling with its own risks, particularly two thorny…

## Sharing the Burden: Understanding Risk Pooling in Insurance Ever wondered why insurance companies can cover potentially devastating events without going bankrupt themselves? The secret lies in a fundamental concept: **risk pooling**. It’s the backbone of the entire insurance industry and the reason why we can access affordable coverage for…

## Decoding Deductibles: Your First Step to Understanding Health Insurance Health insurance can feel like navigating a maze. Premiums, copays, coinsurance… it’s enough to make your head spin! But understanding just one key term – the deductible – can unlock a lot of the confusion and help you make smarter…