Description

Harrington/Niehaus Risk Management and Insurance 2e develops general principles or risk management and insurance and provides the essential aspects of insurance contracts and the insurance industry. It provides substantially more conceptual analysis and attention to business risk management and public policy issues than exists in current texts. Individual chapters on specific types of insurance, (i.e. automobile insurance, medical expense insurance, workers compensation, and others) utilize the general principles developed earlier in the book to explain specific contract terms and public policy issues. Risk Management and Insurance 2e provides a detailed discussion of why firms with diversified owners would reduce risk and illustrates these reasons using examples from actual firms. Other topics include commercial insurance products, alternative risk transfer, enterprise risk management, and Monte Carlo simulation.Table of Contents: Chapter 1. Risk and Its Management Chapter 2. Objectives of Risk Management Chapter 3. Risk Identification and Measurement Chapter 4. Pooling Arrangements and Diversification of Risk Chapter 5. Insurer Ownership, Financial, and Operational Structure Chapter 6. Insurance Regulation Chapter 7. Insolvencies, Solvency Ratings, and Solvency Regulation Chapter 8. Insurance Pricing Chapter 9. Risk Aversion and Risk Management by Individuals and Corporations Chapter 10. Insurability of Risk, Contractual Provisions, and Legal Doctrines Chapter 11. Loss Control Chapter 12 Legal Liability for Injuries Chapter 13. Automobile Insurance Chapter 14. Homeowners Insurance Chapter 15. Life Insurance and Annuities Chapter 16. Employee Benefits: Overview and Group Medical Coverage Chapter 17. Retirement Plans Chapter 18. Workers Compensation and Employee Injuries Chapter 19. Social Security Chapter 20. Corporate Risk Management and Shareholder Wealth Chapter 21. Tax, Regulatory, and Accounting Factors Affecting Corporate Risk Management Chapter 22. Risk Retention/Reduction Decisions Chapter 23. Commercial Insurance Contracts Chapter 24. Hedging Risk with Derivative Contracts Chapter 25. Alternative Risk Transfer Chapter 26. Analysis Tools used in Corporate Risk Management Chapter 27. Enterprise Risk Management: A Case Study Chapter 28. Corporate Liability to Customers, Third Parties, and Shareholders Chapter 29. Issues in Liability Risk and Its Management Index

Harrington/Niehaus Risk Management and Insurance 2e develops general principles or risk management and insurance and provides the essential aspects of insurance contracts and the insurance industry. It provides substantially more conceptual analysis and attention to business risk management and public policy issues than exists in current texts. Individual chapters on specific types of insurance, (i.e. automobile insurance, medical expense insurance, workers compensation, and others) utilize the general principles developed earlier in the book to explain specific contract terms and public policy issues. Risk Management and Insurance 2e provides a detailed discussion of why firms with diversified owners would reduce risk...  Read More