Morbidity, mortality, and the C-2 risk.

Ask the average person on the street why insurance companies classify risk, and you’re likely to get a blank stare in response. Even if the question is somewhat understood by those who are more knowledgeable about insurance, the response is likely to be along the line of "so that companies can exclude those people who are going to have claims." Given the kind of intense criticism that insurance companies have been subjected to lately, including from high places in Washington, that kind of response coming from the general public is hardly surprising.