Oak processionary Oak processionary The oak processionary "(Thaumetopoea processionea)" is a moth whose caterpillars can be found in oak forests. They are a human irritant because of their venomous setae (hairs), which can cause skin irritation and asthma. The moths are widely distributed in central and southern Europe, and are occasionally found as far north as Sweden. In the southern countries of Europe the populations are controlled by natural predators, but these predators do not exist in northern Europe. Their range is expanding northward, possibly or partly as a result of global warming. The moth now has an established population in the
Moral hazard to pay for more of the negative consequences from risk as insurance coverage increases. For example, without medical insurance, some may forgo medical treatment due to its costs and simply deal with substandard health. But after medical insurance becomes available, some may ask an insurance provider to pay for the cost of medical treatment that would not have occurred otherwise. Sometimes moral hazard is so severe it makes insurance policies impossible. Coinsurance, co-payments, and deductibles reduce the risk of moral hazard by increasing the out-of-pocket spending of consumers, which decreases their incentive to consume. Thus, the insured have a financial