Principles of Risk Management and Insurance

For undergraduate courses in Risk Management and Insurance. This Global Edition has been edited to include enhancements making it more relevant to students outside the United States Complete and current coverage of major risk management and insurance topics. Principles of Risk Management and Insurance is the market-leading text for this course, ideal for undergraduate courses and students from a mix of academic majors. Focusing primarily on the consumers of insurance, this text blends basic risk management and insurance principles with consumer considerations.I. BASIC CONCEPTS IN RISK MANAGEMENT AND INSURANCE 1. Risk and its Treatment 2. Insurance and Risk 3. Introduction to Risk Management 4. Advanced Topics in Risk Management II. THE PRIVATE INSURANCE INDUSTRY 5. Types of Insurers and Marketing Systems 6. Insurance Company Operations 7. Financial Operations of Insurers 8. Government Regulation of Insurance III. LEGAL PRINCIPLES IN RISK AND INSURANCE 9. Fundamental Legal Principles 10. Analysis of Insurance Contracts IV. LIFE AND HEALTH RISKS 11. Life Insurance 12. Life Insurance Contractual Provisions 13. Buying Life Insurance 14. Annuities and Individual Retirement Accounts 15. Health Care Reform; Individual Health Insurance Coverages 16. Employee Benefits: Group Life and Health Insurance 17. Employee Benefits: Retirement Plans 18. Social Insurance V. PERSONAL PROPERTY AND LIABILITY RISKS 19. The Liability Risk 20. Homeowners Insurance, Section I 21. Homeowners Insurance, Section II 22. Auto Insurance 23. Auto Insurance and Society 24. Other Property and Liability Insurance Coverages VI. COMMERCIAL PROPERTY AND LIABILITY RISKS 25. Commercial Property Insurance 26. Commercial Liability Insurance 27. Crime Insurance and Surety Bonds