For each of the following types of insurance, explain how the moral-hazard problem might arise. Explain how

Question:

For each of the following types of insurance, explain how the moral-hazard problem might arise. Explain how the adverse selection problem might arise.
a. Life insurance
b. Health insurance
c. Homeowners' insurance
d. Automobile insurance
e. Unemployment insurance
How might an insurance company adjust the insurance contract to mitigate the moral-hazard and adverse-selection problems?