Tag: insurance

Don’t Run Out of Money: Why Annuities Matter

Running out of money in retirement is a major concern for many American workers. The phenomenon is dubbed longevity risk because of the potential danger of exhausting one’s assets before death. A core objective of any retirement plan should be to provide lifetime income insurance in the form of an annuity, which provides pension benefit

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America’s Homeowners are Financially Unprepared for an Emergency

When researchers ask the average American whether they could handle the cost of an unexpected home repair project, the answer is simple: no. That lack of financial preparedness is compounded by the fact that many homeowners do not understand what their homeowner’s insurance actually covers. This leaves many American homeowners in a tough spot when

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Insurance Hearing Shows Need for Autonomous Vehicles Data Access

On May 23, the House Financial Services Committee held a hearing on the impact of autonomous vehicles (AVs) on the future of insurance. In light of the Senate’s American Vision for Safer Transportation through Advancement of Revolutionary Technologies Act (AV START Act), this hearing brings another critical perspective on AVs. For cities, the hearing yielded two crucial takeaways on the

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