Consumer Education Resources

Acentria Insurance. (2025, January 29). Avoiding common personal insurance coverage gaps. https://acentria.com/avoiding-common-personal-insurance-coverage-gaps/

Insurance Information Institute. (2024). Background on risk-financing. https://www.iii.org/article/background-on-risk-financing

InsuResilience Global Partnership. (2023, July 21). Glossary of climate and disaster risk finance and insurance terms. https://www.insuresilience.org/knowledge/glossary/

New York Life. (2025, May 2). Personal financial risk management. https://www.newyorklife.com/articles/personal-financial-risk-management

Risk Management Strategy Sources

Corporate Finance Institute. (2023, May 23). Accepting risk: Overview, advantages, disadvantages, alternatives. https://corporatefinanceinstitute.com/resources/career-map/sell-side/risk-management/accepting-risk/

Corporate Finance Institute. (2024, July 10). Financial risk management strategies: Overview and examples. https://corporatefinanceinstitute.com/resources/career-map/sell-side/risk-management/financial-risk-management-strategies/

Investopedia. (2024). Accepting risk. https://www.investopedia.com/terms/a/accepting-risk.asp

Investopedia. (2024). Risk management. https://www.investopedia.com/terms/r/riskmanagement.asp

Research Sources and References

Associated Press. (2023, July 3). Derecho storm causes widespread power outages in Springfield, Illinois. https://apnews.com/article/derecho-storm-springfield-illinois-power-outage-a489aecfd65393099fbdc5e36fd84037

Academic and Scholarly Sources

Colquitt, L. L., & Hoyt, R. E. (1997). Determinants of corporate hedging behavior: Evidence from the life insurance industry. Journal of Risk and Insurance, 64(4), 649–671.

Cummins, J. D., Phillips, R. D., & Smith, S. D. (1997). Corporate hedging in the insurance industry: The use of financial derivatives by U.S. insurers. Journal of Risk and Insurance, 64(4), 595–640.

Mayers, D., & Smith, C. W. (1987). Corporate insurance and the underinvestment problem. Journal of Risk and Insurance, 54(1), 45–54.

Outreville, J. F. (1998). The meaning of risk in economics of insurance. Journal of Risk and Insurance, 65(3), 459–474.

Santomero, A. M., & Babbel, D. F. (1997). Financial risk management by insurers: An analysis of the process. Journal of Risk and Insurance, 64(2), 231–270.

Other Relevant Making Cents of Money Episodes:

• Ep. 62 – Get Covered, Illinois: https://blogs.uofi.uillinois.edu/view/7550/975133877

• Ep. 55 – Wealth Building as a Balancing Act: https://blogs.uofi.uillinois.edu/view/7550/1517205319

• Ep. 49 – Dealing with Emergencies: https://blogs.uofi.uillinois.edu/view/7550/1663281326

• Ep. 39 – Protecting Pets: https://blogs.uofi.uillinois.edu/view/7550/1942963443

• Ep. 29 – Tackling Insurance! (Part 2): https://blogs.uofi.uillinois.edu/view/7550/282447780

• Ep. 28 – Tackling Insurance! (Part 1): https://blogs.uofi.uillinois.edu/view/7550/2068531575

• Ep. 26 – Emergency Funds: https://blogs.uofi.uillinois.edu/view/7550/1471084251