Examlex
Explain why an insurance company is willing to sell life insurance to individuals,but will be more reluctant to issue policies insuring against earthquake damage to residents living along fault lines.Why don't insurance companies simply charge the residents a premium that reflects the actuarial probability of damage from earthquakes?
American Society
The social structure and cultural norms prevalent in the United States.
Early Twenty-First Century
pertains to the period from the year 2000 onwards, characterized by significant technological advancements, globalization, and various social and political changes.
New Democrats
A faction within the Democratic Party in the United States that emerged in the late 1980s, advocating for more centrist economic policies and social reforms.
Ideological Predecessors
Individuals or groups whose beliefs and philosophies influence and pave the way for future generations or movements.
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