Summary |
The text is divided into four parts. Part 1 acquaints the student with risk its nature and its effects and discusses the purpose 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 potential losses, the types of potential losses faced by a typical firm, the five 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 government regulation of insurers, social insurance, poverty, automobile compensation, and other public policy issues of importance to all citizens
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