Celebrate #FinLitMonth with us by finding ideas for you and your students!

Grade 9-12
,
Video

Making Sen$e with Paul Solman: Climate Change Causes Insurers to Rethink Price of Risk After Hurricane Sandy

Updated: November 21 2012,
Author: barrel fan
Teacher Version
Standards Summary
Print

Standards

State Standards

Concepts

Insurance, Markets and Prices, Profit, Risk and Return
 Open Video

The insurance industry looks at historical data, old and new, in order to assess the risk for potential disasters and put a price on premiums. But when Sandy hit the Northeast, some insurance companies reconsidered if they priced insurance high enough for the greater risks brought on by climate change. Paul Solman reports.

Related Resources

Grades 9-12

Thinking in Webs: Hexagon Personal Finance Puzzle

In this personal finance lesson, students will use hexagonal thinking to define and make connections linking personal finance terms and...
Key Concepts: Insurance, Personal Finance Economics, Saving and Investing
45 mins
Activity

Grades 9-12

Should Private Companies Operate Prisons?

Students analyze and rank the four general goals of corrections to help them determine their personal beliefs about what prisons...
Key Concepts: Incentives, Opportunity Cost, Profit…
60 mins
Lesson

Grades 9-12

What Can We Do About Pollution?

Students play charades to mimic noise pollution and consider the question "what can be done if someone's choices are putting...
Key Concepts: Externalities, Markets and Prices, Role of Government
60 mins
Lesson