For risk management and insurance courses.

Principles and practices: Managing risk with consumer considerations

Principles of Risk Management and Insurance provides an in-depth examination of major risk themes. The text covers the basics of risk and insurance, and traditional and enterprise risk management topics, making it relevant to a variety of disciplines in business.

Fully updated, the 14th Edition examines global topics ranging from natural disasters and terrorism, to domestic issues like the Affordable Care Act and healthcare reform. With primary emphasis on insurance consumers, the text helps students apply concepts to their own personal risk management and insurance programs.

Hallmark features of this title

The latest risk management and insurance coverage

• Material explores the functional and financial operations of insurers, legal principles, life and health insurance, property and liability insurance, employee benefits, and social insurance.
• Real-world examples throughout the text make the content relevant and interesting.

Student-geared resources

• Learning Objectives give students a brief intro to the main concepts in the reading.
• Chapter-Opening Examples provide hypothetical situations to familiarize students with the topics to be addressed.
• Website references present valuable internet resources for students to supplement their learning.

Instructor-focused resources

• Flexible, self-contained chapters can be easily integrated into a wide variety of syllabi.

New and updated features of this title

The latest risk management and insurance coverage

• NEW: Content includes revisions to the ISO Commercial Property, Commercial General Liability, Commercial Government and Crime, and new Auto Dealers Coverage forms.
• NEW: Discussion includes the legalization of medical marijuana and opiate overuse in workers' compensation programs (Ch. 18).
• NEW: Current trends in employer-sponsored group health insurance cover plans that contain higher healthcare costs and premiums (Ch. 16).
• UPDATED: Discussion of healthcare reform includes the broken healthcare delivery system in the US that led to enactment of the Affordable Care Act (Ch. 15).
• UPDATED: Information on ACA and its impact on individual and group health insurance coverages (Ch. 15 and 16).
• UPDATED: Discussion of the basic concepts in cyber liability insurance (Ch. 26).