Newsletter
Insurance: Managing Risk and Balancing Responsibility with Affordability
Abstract: When people buy insurance, they pay fees, or premiums, to protect themselves in the event of an accident or other covered loss. Insurance differs from many goods and services because people generally do not want to have to use their insurance coverage; most people don't want to get hurt bungee jumping. So, how did insurance get started?
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Provider: Federal Reserve Bank of St. Louis
Part of Series: Page One Economics Newsletter
Publication Date: 2017-02
Pages: 1-7