Insurance companies require homeowners to install smoke detectors in their homes. Insurance companies try to address the issue of moral hazard.
Option (C) is correct.
State Farm is the top auto insurer in the nation based on market share and premiums, followed by Geico, Progressive, and Allstate at $44/month. The cheapest local company is Farm Bureau for $39/month.
Insurance companies are financial intermediaries that provide direct insurance or reinsurance services and provide financial protection against potential future risks.
Learn more about insurance companies at
https://brainly.com/question/26285319
#SPJ1
Your question is incomplete. please read below to find the full content.
An insurance company requires homeowners it insures to have smoke detectors in their homes. The insurance company is trying to combat the
adverse selection problem.
the free-rider effect.
moral hazard problem.
"lemons" problem.
none of the above
