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Principles of Risk Management and Insurance, 14th edition

Published by Pearson (April 3, 2019) © 2020

  • George E. Rejda
  • Michael J. McNamara Washington State University

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For risk management and insurance courses.

Principles and practices: Managing risk with consumer considerations

Principles of Risk Management and Insurance provides an in-depth examination of major risk themes. The text covers the basics of risk and insurance, and traditional and enterprise risk management topics, making it relevant to a variety of disciplines in business.

Fully updated, the 14th Edition examines global topics ranging from natural disasters and terrorism, to domestic issues like the Affordable Care Act and healthcare reform. With primary emphasis on insurance consumers, the text helps students apply concepts to their own personal risk management and insurance programs.

Hallmark features of this title

The latest risk management and insurance coverage

  • Material explores the functional and financial operations of insurers, legal principles, life and health insurance, property and liability insurance, employee benefits, and social insurance.
  • Real-world examples throughout the text make the content relevant and interesting.

Student-geared resources

  • Learning Objectives give students a brief intro to the main concepts in the reading.
  • Chapter-Opening Examples provide hypothetical situations to familiarize students with the topics to be addressed.
  • Website references present valuable internet resources for students to supplement their learning.

Instructor-focused resources

  • Flexible, self-contained chapters can be easily integrated into a wide variety of syllabi.

New and updated features of this title

The latest risk management and insurance coverage

  • NEW: Content includes revisions to the ISO Commercial Property, Commercial General Liability, Commercial Government and Crime, and new Auto Dealers Coverage forms.
  • NEW: Discussion includes the legalization of medical marijuana and opiate overuse in workers' compensation programs (Ch. 18).
  • NEW: Current trends in employer-sponsored group health insurance cover plans that contain higher healthcare costs and premiums (Ch. 16).
  • UPDATED: Discussion of healthcare reform includes the broken healthcare delivery system in the US that led to enactment of the Affordable Care Act (Ch. 15).
  • UPDATED: Information on ACA and its impact on individual and group health insurance coverages (Ch. 15 and 16).
  • UPDATED: Discussion of the basic concepts in cyber liability insurance (Ch. 26).

PART 1: BASIC CONCEPTS IN RISK MANAGEMENT AND INSURANCE
1. Risk and Its Treatment
2. Insurance and Risk
3. Introduction to Risk Management
4. Enterprise Risk Management and Related Topics

PART 2: 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

PART 3: LEGAL PRINCIPLES IN RISK AND INSURANCE
9. Fundamental Legal Principles
10. Analysis of Insurance Contracts

PART 4: LIFE AND HEALTH RISKS
11. Life Insurance
12. Life Insurance Contractual Provisions
13. Buying Life Insurance
14. Annuities and Individual Retirement Accounts
15. Healthcare Reform: Individual Health Insurance Coverages
16. Employee Benefits: Group Life and Health Insurance
17. Employee Benefits: Retirement Plans
18. Social Insurance

PART 5: PERSONAL PROPERTY AND LIABILITY RISKS
19. The Liability Risk
20. Auto Insurance
21. Auto Insurance (Continued)
22. Homeowners Insurance, Section I
23. Homeowners Insurance, Section Ii
24. Other Property and Liability Insurance Coverages

PART 6: COMMERCIAL PROPERTY AND LIABILITY RISKS
25. Commercial Property Insurance
26. Commercial Liability Insurance
27. Crime Insurance and Surety Bonds

APPENDICES
A. Personal Auto Policy
B. Homeowners 3 (Special Form)

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