"INSURANCE: MANAGING RISK AND BALANCING RESPONSIBILITY WITH AFFORDABILITY".
Check out this article of the same name, which explores the history and purposes of all types and kinds of insurance, the special uses of insurance as a risk management tool, and how to buy car insurance, among other thoroughly useful things: Kris Bertelsen, "Insurance: Managing Risk and Balancing Responsibility With Affordability," published in the Economic Research Newsletter of the Federal Reserve Bank of St. Louis (February, 2017).
A few minutes of your time could hardly be better spent than with this linked article, and I am telling you no lie. Today is George Washington's Birthday.
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