Fundamentals of Risk and Insurance FROM THE PUBLISHER
This consumer-oriented textbook addresses the principles of risk management without skimping on the discussion of insurance. It summarizes the nature of pure risk on the individual and on society and illustrates how insurance can be used to deal with the problems posed by such risk. Mirroring the diverse experience of its authors, the text is equally effective in presenting the principles of insurance theory and offering how-to advice to students. Throughout, the main emphasis is on the insurance product and the use of insurance within the risk management framework. The traditional fields of life insurance, health insurance, property and liability insurance, and social insurance are treated in terms of their relationship to the wide range of insurable risks to which the individual and the business firm are exposed.
FROM THE CRITICS
Booknews
A revised edition of the standard college text examining insurance and risk from the consumer perspective. The authors present the theoretical concept of risk and the insurance device as it is exhibited in the traditional fields of life and health insurances, the social security system, and workers compensation. The volume also deals with the risks associated with the ownership of property, and legal liability, particularly in commercial settings. The new edition boasts a new co-author, Vaughn (Commissioner of Insurance for the State of Iowa), and analyzes new developments in income risk, retirement plans, and annuities. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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