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Risk Management and Insurance » (2nd Edition)

Book cover image of Risk Management and Insurance by HARRINGTON

Authors: HARRINGTON, Gregory R. Niehaus, Gregory R. Niehaus
ISBN-13: 9780072339703, ISBN-10: 0072339705
Format: Hardcover
Publisher: McGraw-Hill Companies, The
Date Published: July 2003
Edition: 2nd Edition

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Author Biography: HARRINGTON

Book Synopsis

For many years, introductory insurance textbooks presented insurance as a subject based in contracts. Slowly, the course has moved toward a consumer orientation, providing students with a broad, descriptive survey of the insurance field, covering topics such as legal aspects, life and health, and property and liability. Over the past 10 years, textbooks began to promote, and to a limited degree, incorporate a stronger business risk management component while maintaining a consumer orientation. Harrington/Niehaus' Risk Management and Insurance 2e is written to take the next step offering the essential aspects of insurance contracts and the insurance industry while providing a substantially more conceptual analysis and attention to business risk management and public policy issues that exists in current texts.

Table of Contents

1Risk and its management1
2Objective of risk management15
3Risk identification and measurement30
4Pooling arrangements and diversification of risk54
5Insurer ownership, financial, and operational structure75
6Insurance regulation97
7Insolvencies, solvency ratings, and solvency regulation115
8Insurance pricing134
9Risk aversion and risk management by individuals and corporations162
10Insurability of risk, contractual provisions, and legal doctrines179
11Loss control201
12Legal liability for injuries215
13Automobile insurance242
14Homeowners insurance276
15Life insurance and annuities297
16Employee benefits : overview and group medical coverage334
17Retirement plans364
18Workers' compensation and employee injuries388
19Social security414
20Risk management and shareholder wealth441
21Tax, regulatory, and accounting factors affecting corporate risk management463
22Risk retention/reduction decisions484
23Commercial insurance contracts500
24Hedging with derivative contracts526
25Alternative risk transfer550
26Analysis tools used in corporate risk management570
27Enterprise risk management : a case study591
28Corporate liability to customers, third parties, and shareholders605
29Issues in liability risk and its management625

Subjects