Fundamentals of Risk and Insurance, Tenth Edition
- 26h
- Emmett J. Vaughan, Therese M. Vaughan
- John Wiley & Sons (US)
- 2008
Take no chances! Learn about risk and insurance from the premier text.
Why learn about risk and insurance? You might be thinking of a career in the diverse and rewarding fields of risk management and insurance. If you plan on managing a business, you’ll need to know how to protect your organization from risk. And as an individual, you’ll want to make informed decisions about protecting yourself and your family with life, medical, home, auto, and many other kinds of insurance.
Whether you want to prepare for our career or simply become a more knowledgeable consumer, Vaughan and Vaughan’s Tenth Edition of Fundamentals of Risk and Insurance gives you a comprehensive, consumer-oriented introduction to the many facets of risk management and insurance.
The Tenth Edition presents the principles of risk management, 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. In addition to clear and engaging coverage of insurance principles and theory, you’ll walk away from this book with practical, how-to advice that will come in handy in both your professional and personal life.
NEW FEATURES
- Includes the changes to pension regulation introduced by the Pension Protection Act of 2006.
- Reflects changes to the Medicare program that were introduced by the Medicare Prescription Drug Improvement and Modernization Act of 2003, including Medicare Part D.
- Updated discussion of the personal auto policy incorporates changes introduced in 2005.
- Incorporates changes in commercial lines forms, including the 2004 commercial general liability form, 2006 commercial crime program, and 2006 business owners policy.
- Revised to reflect the 2001 CSO mortality table.
- New discussions of enterprise risk management, insurance-linked securities, developments in auto insurance pricing and underwriting, and recent innovations in life and annuity products.
About the Authors
Emmett J. Vaughan was a Professor of Insurance at the University of Iowa for over 40 years, where he held the Partington Professorship in Insurance until his death in 2004. Professor Vaughan earned his undergraduate degree in economics from Creighton University and his M.A. and Ph.D. in economics and insurance from the University of Nebraska. He was an enthusiastic teacher, prolific scholar, and beloved by his students. He inspired hundreds of students to choose careers in insurance.
Therese M. Vaughan is the Robb B. Kelley Distinguished Professor of Insurance and Actuarial Science at Drake University. Prior to joining Drake, she served as Iowa Insurance Commissioner for over 10 years and as President of the National Association of Insurance Commissioners. Vaughan earned her undergraduate degree in economics and insurance from the University of Iowa and her Ph.D. in insurance from the University of Pennsylvania.
In this Book
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The Problem of Risk
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Introduction to Risk Management
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The Insurance Device
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Risk Management Applications
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The Private Insurance Industry
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Regulation of The Insurance Industry
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Functions of Insurers
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Financial Aspects of Insurer Operations
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The Legal Framework
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Managing Personal Risks
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Social Insurance Programs
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Introduction to life Insurance
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The Actuarial Basis of Life Insurance
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The Life Insurance Contract—General Provisions
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The Life Insurance Contract—Other Provisions
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Special Life Insurance Forms
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Buying Life Insurance
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Annuities and Pension Benefits
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Managing the Retirement Risk
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Health Insurance—Disability Income Insurance
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Health Insurance—Coverage For Medical Expenses
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Health Insurance for the Elderly
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Employee Benefits and Other Business Uses of Life and Health Insurance
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The Homeowners Policy—General Provisions
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The Homeowners Policy Forms
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Other Personal Forms of Property Insurance
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Negligence and Legal Liability
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General Liability Insurance for the Individual
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The Automobile and its Legal Environment
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The Personal Auto Policy
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Commercial Property Insurance
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Commercial Liability Insurance
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Surety Bonds and Trade Credit Insurance
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Insurance in the Future
