Book Summary of Risk Management and Insurance This proven, market-leading text provides a thorough, current introduction to risk management and insurance. It assists the student in identifying, analyzing, and managing risk through insurance and alternative tools/techniques such as loss control, risk retention, and risk transfer. This edition presents an even stronger focus on managing risk and covers insurance within this context. Concepts of risk management are presented as they apply to business and personal situations as well as international situations. Key Feature • Updated Enterprise-wide Risk Management Coverage: Enterprise-wide risk management coverage will be placed throughout the text as opposed to being secluded to one section. • Updated Speculative Risk Management Coverage: Increased coverage of speculative risk, integrating it throughout the text rather than separating it from the flow of the text. • Current Regulations: Updated to account for any new legislation, the most current regulations are included throughout. • Perspective Boxes: In each chapter, boxed features contain material from current literature to further illustrate concepts. International Perspectives illustrate the application of risk management considerations on a global basis, Ethical Perspectives present ethical dilemmas common in the field of risk management, and Professional Perspectives are based on interviews with practicing risk management professionals and articles. • Internet Exercises: At the end of each chapter, learners can use Internet resources to apply the chapters content. • Risk Management Icons: This texts risk management orientation is highlighted with icons placed by relevant discussions. Tablel of Contents Part I: Risk And The Risk Management Process 1. Introduction to Risk 2. Risk Identification and Evaluation 3. Property and Liability Loss Exposures 4. Life, Health, and Loss-of-Income Exposures 5. Risk Management Techniques: Noninsurance Methods 6. Insurance as a Risk Management Technique: Principles 7. Insurance as a Risk Management Technique: Policy Provisions Part II: Commercial Risk Management Applications: Property liability 8. Selecting and Implementing Risk Management Techniques 9. Risk Management and Commercial Property-Part I 10. Risk Management and Commercial Property-Part II 11. Business Liability and Risk Management Insurance 12. Workers Compensation and Alternative Risk Financing Part III: Personal Risk Management Applications: Property-liability 13. Risk Management for Auto Owners-Part I 14. Risk Management for Auto Owners- Part II 15. Risk Management for Homeowners Part IV: Risk Management Applications: Life, Health, and Income Exposures 16. Loss of Life 17. Loss of Health 18. Retirement Planning and Annuities 19. Employee Benefits: Life and Health Benefits 20. Employee Benefits: Retirement Plans 21. Financial and Estate Planning Part V: The Risk Management Environment 22. Risk Management and the Insurance Industry 23. Functions and Organization of Insurers 24. Government Regulation of Risk Management and Insurance Appendixes