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Risk and the Risk Management Process | |
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Introduction to Risk | |
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The Burden of Risk | |
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Definitions of Risk | |
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Sources of Risk | |
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Measurement of Risk | |
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Management of Risk | |
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Risk Identification and Evaluation | |
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Risk Identification | |
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Risk Evaluation | |
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Accuracy of Predictions | |
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Property and Liability Loss Exposures | |
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Property Loss Exposures | |
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Liability Exposures | |
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Types of Liability Damages | |
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Criminal and Civil Law | |
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Torts | |
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Basic Law of Negligence | |
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Defenses Against Negligence Claims | |
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Factors Leading to Higher Standards of Care | |
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Types of Liability Exposures | |
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Miscellaneous Liability | |
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Integrated Risk Exposures | |
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Life, Health, and Loss of Income Exposures | |
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Exposures Due to Premature Death | |
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Exposures Due to Loss of Health | |
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Other Income Loss Exposures | |
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Risk Management Techniques: Noninsurance Methods | |
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Risk Avoidance | |
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Loss Control | |
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Risk Retention | |
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Risk Transfer | |
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The Value of Risk Management | |
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Insurance as a Risk Management Technique: Principles | |
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The Nature of Insurance | |
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Principle of Indemnity | |
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Principle of Insurable Interest | |
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Principle of Subrogation | |
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Principle of Utmost Good Faith | |
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Requisites of Insurable Risks | |
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Requirements of an Insurance Contract | |
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Distinguishing Characteristics of Insurance Contracts | |
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Role of Agents and Brokers | |
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Principles of Social Insurance | |
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Social and Economic Values and Costs of Insurance | |
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Insurance as a Risk Management Technique: Policy Provisions | |
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Declarations | |
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The Insuring Agreement | |
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Exclusions | |
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Common Policy Conditions | |
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Definitions | |
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Basis of Recovery | |
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Clauses Limiting Amounts Payable | |
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Selecting and Implementing Risk Management Techniques | |
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Avoid Risks If Possible | |
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Implement Appropriate Loss Control Measures | |
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Select the Optimal Mix of Risk Retention and Risk Transfer | |
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Implementing Decisions | |
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Subjective Risk Management | |
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Enterprise Risk Management and Alternative Risk Transfer | |
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Commercial Risk Management Applications: Property--Liability | |
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Risk Management and Commercial Property--Part I | |
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The Simplified Commercial Lines Portfolio Policy | |
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Boiler and Machinery Insurance | |
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Business Owners' Program | |
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Other Commercial Property Forms | |
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Reporting Forms | |
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Consequential Loss Coverage | |
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Time-Element Contracts | |
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Contracts Without Time Element | |
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Risk Management and Commercial Property--Part II | |
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Transportation Insurance | |
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Ocean Transportation Insurance | |
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Land Transportation Insurance | |
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Floater Contracts | |
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Credit Insurance | |
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Title Insurance | |
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Plate Glass Insurance | |
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Crime | |
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Crime Insurance and Bonds | |
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Burglary, Robbery, and Theft Insurance | |
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Risk Management of the Crime Peril | |
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Disaster Risk Management: A Case Study | |
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Business Liability and Risk Management Insurance | |
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Common Liability Contract Provisions | |
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Commercial Liability Insurance | |
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Commercial General Liability | |
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Employment Practices Liability | |
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Business Auto Coverage | |
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Professional Liability Insurance | |
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Captive Insurance Companies | |
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Workers' Compensation and Alternative Risk Financing | |
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Workers' Compensation Insurance | |
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Major Reform | |
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Risk Management and Workers' Compensation | |
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Conclusions | |
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Personal Risk Management Applications: Property--Liability | |
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Risk Management for Auto Owners--Part I | |
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The High Cost of Automobile Losses | |
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Insurance Claims | |
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The Need for Insurance | |
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Personal Automobile Policy | |
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Personal Automobile Policy Components | |
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Automobile Insurance and the Law | |
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Risk Management and Personal Automobile Rating | |
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Risk Management for Auto Owners--Part II | |
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Premiums and Death Rates | |
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Car Theft | |
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Who Pays | |
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Cost Containment | |
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No-Fault | |
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Alcohol and Driving | |
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New Laws | |
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Advances in Driver and Auto Safety | |
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Airbags, Auto Property Damage, and Teenage Drivers | |
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A Potential Crisis | |
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Risk Management for Homeowners | |
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Homeowners' Program: Development | |
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Outline of Homeowners' Coverages | |
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Analysis of Homeowners' Policy | |
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Perils Covered in Homeowners' Insurance | |
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Optional Property Endorsements to Homeowners' Policies | |
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Flood Insurance | |
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Personal Articles Floater (PAF) | |
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Mobile Home Endorsement to Homeowners' Policy | |
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Comprehensive Personal Liability and Medical Payments Insurance | |
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Dwelling Program (Not Homeowners') | |
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Farmowners'-Ranchowners' Policy | |
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Risk Management--Personal Lines | |
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Personal Risk Management | |
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Risk Management Applications: Life, Health, and Income Exposures | |
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Loss of Life | |
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Types of Life Insurance | |
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Income Tax Treatment of Life Insurance | |
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Life Insurance Contract Provisions | |
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Loss of Health | |
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Health Insurance Providers | |
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Mechanics of Cost Sharing | |
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Health Expense Insurance | |
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Disability Income Insurance | |
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Health Insurance Policy Provisions | |
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Health Care Reform | |
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Retirement Planning and Annuities | |
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Structure of Annuities | |
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Annuity Characteristics | |
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Annuity Taxation | |
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Employee Benefits: Life and Health Benefits | |
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Reasons for Employee Benefits | |
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Premature Death Benefits | |
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Health Expense Benefits | |
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Disability Income Benefits | |
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Employee Benefits: Retirement Plans | |
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Social Security Retirement Benefits | |
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Pension Plans | |
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Plan Qualification | |
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Deferred Profit-Sharing Plans | |
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Employee Savings Plans | |
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Individual Retirement Accounts | |
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Simple Plans | |
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Keogh Plans | |
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Section 403(b) Plans | |
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Financial and Estate Planning | |
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Financial Planning | |
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Estate Planning | |
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A Case Study: The Johnson Family | |
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Considerations in Buying Life and Health Insurance | |
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The Risk Management Environment | |
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Risk Management and the Insurance Industry | |
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The Field of Insurance | |
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Types of Insurers | |
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Channels of Distribution in Insurance | |
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Globalization of Risk Management and the Insurance Industry | |
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Functions and Organization of Insurers | |
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Functions of Insurers | |
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Reinsurance | |
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Government Regulation of Risk Management and Insurance | |
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Why Insurance Is Regulated | |
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The Legal Background of Regulation | |
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The McCarran-Ferguson Act | |
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Federal versus State Regulation | |
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Responsibilities of the Insurance Regulators | |
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Miscellaneous Insurance Laws | |
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Tort Reform | |
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Taxation of Insurance | |
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Appendixes | |
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Glossary | |
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Present Value and Annuity Tables | |
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Personal Automobile Policy | |
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Homeowners-3 Policy | |
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Whole Life Policy | |
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Disability Income Insurance Policy | |
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Index | |