Insurance, we all know, transfers risk. Yet, what we usually think of as a transfer of risk is also a transfer of responsibility. The promise of insurance and other forms of risk management is gaining a measure of control over an uncertain world. Reaching out to insurance institutions for...

Young adults ages 18-29 have the lowest insurance rate of any age group in the United States. Part of the reason for this is that many young adults underestimate their risk of facing high medical costs - the risk is low, but not as low as these “young invincibles” believe. To address this,...

The insurance as governance literature focuses on the ability of private enterprises to collectively regulate, pool, and distribute risks. This paper analyzes how governments support insurance markets to maintain insurability and limit risks to society. We propose a new conceptual framework...

This article describes and compares two forms of moral regulation employed in connection with insurance institutions. The first governs through moralized personal attributes or pressures like "temptation" and "character." The second governs through moralized institutional or system attributes...