Risky Business: Why Insurance Markets Fail and What to Do About It

An engaging and accessible examination of what ails insurance markets—and what to do about it—by three leading economists

Why is dental insurance so crummy? Why is pet insurance so expensive? Why does your auto insurer ask for your credit score? The answer to these questions lies in understanding how insurance works. Unlike the market for other goods and services—for instance, a grocer who doesn't care who buys the store's broccoli or carrots—insurance providers are more careful in choosin...