When someone shares their car, their home or anything else, they’re entering into what’s called "the sharing economy." Doing so involves a certain amount of risk. What if someone wrecks your car or trashes your guesthouse? Most insurance companies won’t cover instances like that.
That’s where actuary Ashley Hunter saw her opportunity. The president of HM Risk Group sat down with Texas Standard’s David Brown to talk all the things her company insures. "We are a boutique insurance and reinsurance brokerage located here in Austin," she says, "and we provide insurance to high-risk businesses – the sharing economy being one of them."
That can include anything from drivers looking for a few extra bucks – to women carrying surrogate pregnancies.