|
At its foundation, insurance pricing is quite simple. Insurance companies are concerned about risk of future loss. Low risk means low prices. High risk means high prices. Simple. In the real world, things get complicated because companies use so many different factors to predict risk. These “risk predictors” are based on the statistical analysis of large groups of people sharing the same characteristics.
|
|
Read more...
|
If you’ve been breathing oxygen lately, then I don’t have to tell you about the sky-rocketing price of gasoline. So, I thought some gas and money-saving tips were in order.