Insurance increases moral hazard.

Name: Insurance increases moral hazard.
Brand: Quizplus
Rating: 4.8 (53 reviews)

Question

Quizplus · Accepted Answer

Insurance increases moral hazard by reducing the financial consequences of an individual's risky behavior. When individuals are insured, they may be more likely to engage in risky behaviors or make claims for events that they would otherwise be responsible for. This can lead to increased costs and potentially higher premiums for all insured individuals.

Insurance Increases Moral Hazard