Recent events in the national and international arenas have browught about vast changes in the financial industry. In particular, the areas of risk and insurance have been profoundly affected by scandals, treats, changes in the economy, and new legislation. The ninth edition of Principles of Risk Management and Insurance features extensive revisions, plus new applications designed to keep pace with the industry changes, and thoroughly discusses their relevance for both industry and readers.



Table of Contents:

Preface

Part One. Basic concepts in risk management and insurance

1. Risk in our society

2. Insurance and risk

3. Introduction to risk management

4. Advanced topics in risk management

Part Two. Legal principles in risk and insurance

5. Fundamental legal prnciples

6. Analysis of insurance contracts

Part Three. Personal property and liability risks

7. The liability risk

8. Homeowners insurance, Section I

9. Homeowners insurance, Section II

10. Automobile insurance

11. Automobile insurance and society

12. Other property and liability insurance coverages

Part Four. Commercial property and liability risks

13. Commercial property insurance

14. Commercial liability insurance

15. Crime insurance and surety bonds

Part Five. Life and health-risks

16. Fundamentals of life insurance

17. Types of life insurance

18. Life insurance contractual provisions

19. Buying life insurance

20. Annuities and individual retirement accounts

21. Individual health insurance coverages

22. Employee benefits : Group life and health insurance

23. Employee benefits : retirement plans

24. Social insurance

Part Six. The insurance industry

25. Types of insurers and marketing systems

26. Insurance company operations

27. Insurance pricing

28. Government regulation of insurance

Appendix

Glossasry

Index