Why does it cost more for a man to get automobile insurance than it does a woman to get car insurance?
hardcoreamishpimp asked: I know back in the 80s it was because men were in more car accidents, but nowadays, it’s about the same, yet men pay more for their insurance than women do? At least that’s the way it works in Canada.
What should the insurance company charge the woman for the policy if it would like to make an expected profit?
kdocimo90 asked: An insurance company plans to sell a $150,000 one year life insurance policy to a 38-year old woman. On the basis of mortality rates for women of her age and back-ground, the insurance company determines that the probability of the woman dying in the next year is 0.00104. What should the [...]