Website with Power Points to Accompany "Fundamentals of Risk and Insurance", 9th Edition

This text looks at: the concept of risk, the nature of the insurance device, and the principles of risk management; traditional fields of life and health insurance as solutions to the risks connected with the loss of income; and risks associated with the ownership of property and legal liability.

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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.