For undergraduate courses in Risk Management and Insurance. 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. This edition addresses the unprecedented events that have occurred in today's economy, highlighting the destructive presence of risk to students.

Table of Contents

PART ONE: BASIC CONCEPTS IN RISKMANAGEMENT AND INSURANCE Chapter 1. Risk in Our Society Chapter 2. Insurance and Risk Chapter 3. Introduction to Risk Management Chapter 4. Advanced Topics in Risk Management PART TWO: THE PRIVATE INSURANCE INDUSTRY Chapter 5. Types of Insurers and Marketing Systems Chapter 6. Insurance Company Operations Chapter 7. Financial Operations of Insurers Chapter 8. Government Regulation of Insurance PART THREE: LEGAL PRINCIPLES IN RISK AND INSURANCE Chapter 9. Fundamental Legal Principles Chapter 10. Analysis of Insurance Contracts PART FOUR: LIFE AND HEALTH RISKS Chapter 11. Life Insurance Chapter 12. Life Insurance Contractual Provisions Chapter 13. Buying Life Insurance Chapter 14. Annuities and Individual Retirement Accounts Chapter 15. Individual Health Insurance Coverages Chapter 16. Employee Benefits: Group Life and Health Insurance Chapter 17. Employee Benefits: Retirement Plans Chapter 18. Social Insurance PART FIVE: PERSONAL PROPERTY AND LIABILITY RISKS Chapter 19. The Liability Risk Chapter 20. Homeowners Insurance, Section I Chapter 21. Homeowners Insurance, Section Ii Chapter 22. Auto Insurance Chapter 23. Auto Insurance and Society Chapter 24. Other Property and Liability Insurance Coverages PART SIX: COMMERCIAL PROPERTY AND LIABILITY RISKS Chapter 25. Commercial Property Insurance Chapter 26. Commercial Liability Insurance Chapter 27. Crime Insurance and Surety Bonds