Rejda G.E. Principles of Risk Management and Insurance

Prentice Hall: 2008, 747 p. - ISBN: 0321414934, 9780321414939.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, the text blends basic risk management and insurance principles with consumer considerations.
Rejda’s book is praised for its depth and breadth of coverage, and the Tenth Edition provides even more flexibility in its organization by giving an overview of the insurance industry first, before discussing specific plans. In addition to the latest issues and events in this field, the new edition discusses personal risk management and financial planning so that students apply the concepts to their own lives.Basic concepts in risk management and insuranceRisk in Our Society
Meaning of Risk
Chance of Loss
Peril and Hazard
Basic Categories of Risk
Types of Pure Risk
Burden of Risk on Society
Methods of Handling RiskInsurance and Risk
Definition of Insurance
Basic Characteristics of Insurance
Requirements of an Insurable Risk
Two Applications: The Risks of Fire and Unemployment
Adverse Selection and Insurance
Insurance and Gambling Compared
Insurance and Hedging Compared
Types of Insurance
Benefits of Insurance to Society
Costs of Insurance to SocietyIntroduction to Risk Management
Meaning of Risk Management
Objectives of Risk Management
Steps in the Risk Management Process
Identifying Loss Exposures
Analyze the Loss Exposures
Select the Appropriate Techniques for Treating the Loss Exposures
Implement and Monitor the Risk Management Program
Benefits of Risk Management
Personal Risk ManagementAdvanced Topics in Risk Management
The Changing Scope of Risk Management
Insurance Market Dynamics
Loss Forecasting
Financial Analysis in Risk Management Decision Making
Other Risk Management ToolsThe private insurance industryTypes of Insurers and Marketing Systems
Overview of Private Insurance in the Financial Services Industry
Types of Private Insurers
Agents and Brokers
Types of Marketing Systems
Group Insurance MarketingInsurance Company Operations
Insurance Company Operations
Rate Making
Underwriting
Production
Claims Settlement
Reinsurance
Alternatives to Traditional Reinsurance
Investments
Other Insurance Company FunctionsFinancial Operations of Insurers
Property and Casualty Insurers
Life Insurance Companies
Rate Making in Property and Casualty Insurance
Rate Making in Life InsuranceGovernment Regulation of Insurance
Reasons for Insurance Regulation
Historical Development of Insurance Regulation
Methods for Regulating Insurers
What Areas Are Regulated?
State Versus Federal Regulation
Current Problems and Issues in Insurance RegulationLegal principles in risk and insuranceFundamental Legal Principles
Principle of Indemnity
Principle of Insurable Interest
Principle of Subrogation
Principle of Utmost Good Faith
Requirements of an Insurance Contract
Distinct Legal Characteristics of Insurance Contracts
Law and the Insurance AgentAnalysis of Insurance Contracts
Basic Parts of an Insurance Contract
Definition of the Insured
Endorsements and Riders
Deductibles
Coinsurance
Coinsurance in Health Insurance
Other-Insurance ProvisionsLife and health risksLife Insurance
Premature Death
Financial Impact of Premature Death on Different Types of Families
Amount of Life Insurance to Own
Types of Life Insurance
Variations of Whole Life Insurance
Other Types of Life InsuranceLife Insurance Contractual Provisions
Life Insurance Contractual Provisions
Dividend Options
Nonforfeiture Options
Settlement Options
Additional Life Insurance BenefitsBuying Life Insurance
Determining the Cost of Life Insurance
Rate of Return on Saving Component
Taxation of Life Insurance
Shopping for Life InsuranceAnnuities and Individual Retirement Accounts
Individual Annuities
Types of Annuities
Taxation of Individual Annuities
Individual Retirement AccountsIndividual Health Insurance Coverages
Health-Care Problems in the United States
Individual Health Insurance Coverages
Hospital-Surgical Insurance
Major Medical Insurance
Health Savings Accounts
Long-Term-Care Insurance
Disability-Income Insurance
Individual Medical Expense Contractual Provisions
Shopping for Individual Health InsuranceEmployee Benefits: Group Life and Health Insurance
Group Insurance
Group Life Insurance Plans
Group Medical Expense Insurance
Traditional Indemnity Plans
Managed Care Plans
Consumer-Driven Health Plans
Patients Bill of Rights
Group Medical Expense Contractual Provisions
Group Dental Insurance
Group Disability-Income Insurance
Cafeteria PlansEmployee Benefits: Retirement Plans
Fundamentals of Private Retirement Plans
Types of Qualified Retirement Plans
Defined-Contribution Plans
Defined-Benefit Plans
Section 401(k) Plans
Section 403(B) Plans
Profit-Sharing Plans
Retirement Plans for the Self-Employed
Simplified Employee Pension (SEP)
SIMPLE Retirement Plans
Funding Agency and Funding InstrumentsSocial Insurance
Social Insurance
Old-Age, Survivors, and Disability Insurance (OASDI)
Types of Benefits
Medicare
Unemployment Insurance
Workers CompensationPersonal property and liability risksThe Liability Risk
Basis of Legal Liability
Law of Negligence
Imputed Negligence
Res Ipsa Loquitur
Specific Applications of the Law of Negligence
Current Tort Liability ProblemsHomeowners Insurance, Section I
Homeowners Insurance
Analysis of Homeowners 3 Policy (Special Form)
Section I Coverages
Section I Perils Insured Against
Section I Exclusions
Section I Conditions
Section I and II ConditionsHomeowners Insurance, Section II
Personal Liability Insurance
Section II Exclusions
Section II Additional Coverages
Endorsements to a Homeowners Policy
Cost of Homeowners InsuranceAuto Insurance
Overview of Personal Auto Policy
Part A: Liability Coverage
Part B: Medical Payments Coverage
Part C: Uninsured Motorists Coverage
Part D: Coverage for Damage to Your Auto
Part E: Duties After an Accident or Loss
Part F: General Provisions
Insuring Motorcycles and Other VehiclesAuto Insurance and Society
Approaches for Compensating Auto Accident Victims
Auto Insurance for High-Risk Drivers
Cost of Auto Insurance
Shopping for Auto InsuranceOther Property and Liability Insurance Coverages
ISO Dwelling Program
Mobilehome Insurance
Inland Marine Floaters
Watercraft Insurance
Government Property Insurance Programs
Title Insurance
Personal Umbrella PolicyCOMMERCIAL PROPERTY AND LIABILITY RISKSCommercial Property Insurance
ISO Commercial Property Program
Building and Personal Property Coverage Form
Causes-of-Loss Forms
Reporting Forms
Business Income Insurance
Other Commercial Property Coverages
Transportation Insurance
Businessowners Policy (BOP)Commercial Liability Insurance
General Liability Loss Exposures
Commercial General Liability Policy
Employment-Related Practices Liability Insurance
Workers Compensation Insurance
Commercial Auto Insurance
Aircraft Insurance
Commercial Umbrella Policy
Businessowners Policy
Professional Liability Insurance
Directors and Officers Liability InsuranceCrime Insurance and Surety Bonds
ISO Commercial Crime Insurance Program
Commercial Crime Coverage Form (Loss-Sustained Form)
Financial Institution Bonds
Surety BondsAppendices
Homeowners 3 (Special Form)
Personal Auto Policy
Whole Life Insurance Policy with Riders
Flexible Premium (Universal) Life Insurance Policy