Pooling the financial risk

In her latest book, Sharing Risk: The Path to Economic Well-Being for All (University of California Press, 2025) Liberty Mutual Insurance Professor of Law Patricia McCoy probes explanations as to why financial burdens have shifted onto the backs of individual U.S. families over the past 60 years. She examines how businesses and governments have slowly widened the wealth gap, and presents policy recommendations on risk sharing that would build a more equitable financial system. McCoy’s research is at the intersections of financial regulation, consumer protection, and economic justice. She is a founder of the Consumer Financial Protection Bureau. More from Boston College Law School Magazine.

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