Adverse selection is a phenomenon wherein the insurer is confronted with the probability of loss due to risk not factored in at the time of sale. Definition: Adverse selection is a phenomenon wherein the insurer is confronted with the probability of loss due to risk not factored in at the time of sale.
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Fairless Hills is a census-designated place (CDP) in Bucks County, Pennsylvania, United States. The population was 8,466 at the 2010 census. Fairless Hills as it is known today began in 1951 when developer Danherst Corporation began erecting prefabricated homes built by Gunnison Magichomes, Inc. Gunnison was a wholly owned subsidiary of U.S. Steel. The development was financed by U.S. Steel with a loan of $50 million.