Summary |
The text is divided into four parts. Part 1 acquaints the student with risk-its nature and its effects- and discusses the purposes and scope of risk management. Part 2, which deals with business risk management, describes the risk management function in business, how a business can identify and measure its loss exposures, the loss exposures of a typical firm, the major tools of risk management, how to select among these tools, how to analyze insurance contracts, some leading policies, and insurers and their operations. Part 3 covers the unique aspects of family risk management. Part 4 deals with important public policy issues such as government regulation of insurers and social insurance.
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