Spring 2020 - finEDge student newsletter

Spring 2020 newsletter

NEWSLETTER | SPRING

IN REAL LIFE
Saving for Next Season

Tyrese Shoemake shares how finEDge impacted his savings plans.

"The most recent financial decision I made was paying for new track gear to help me in the upcoming season. I was able to do this by saving a small portion of my allowance weekly in order to purchase the new gear." — Tyrese Shoemake

CAREER CORNER
Helping People, Flexible Scheduling, and Continuous Learning

Ebahi Ejerekhile discusses her job as a insurance claims adjuster

"As a public adjuster, I spend more of my time in front of the client explaining and reviewing the policy in their home or office. The beautiful side of the business is helping someone in need." — Ebahi Ejerekhile

WHAT WE'RE READING
Why You May Be Paying Too Much for Your Car Insurance

Insurance price tags

According to state regulators, premiums, or the regular amounts customers pay for their insurance, should be based on risk, or how likely it is that a customer will be in an accident and file a claim, plus a little extra (private insurers are for-profit businesses, after all). So, the higher the perceived risk, the higher the premium and vice versa, right?

Maybe not. The article "Why You May Be Paying Too Much for Your Car Insurance" (Consumer Reports, February 25, 2020) takes a deep dive into the highly secretive world of auto insurance pricing and the challenges of regulators charged with protecting consumers from discriminatory practices.