San Francisco to join list of those banning cashless stores

San Francisco is about to require brick-and-mortar retailers to take cash as payment, joining Philadelphia and New Jersey in banning a growing paperless practice that critics say discriminates against low-income people who ...

Study analyzes benefits of tracking devices for auto insurance

The virtual black box of the automotive set, whether it's vehicle plug-in technology or merely a cellphone app while motoring, may lower insurance rates for many drivers. But a new business study involving Washington University ...

Protecting small farms in Mozambique from drought

During the months that Jonathan Malacarne spent traveling from village to village in rural Mozambique, the weather could be dry and dusty or soaking wet from heavy rain. Either way, people from the community would walk and ...

Insurance

Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

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