Why do you need to learn about risk and insurance? Possibly you are thinking of a career in the diverse and rewarding fields of risk management and insurance. If you plan on managing a company, you will need to know how to protect your organization from risk. And as an individual, you 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 a career or simply become a more knowledgeable consumer, Vaughan and Vaughans "Tenth Edition" of "
Fundamentals of Risk and Insurance
" will give 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, youll walk away from this book with practical, how-to advice that will come in handy in both your professional and personal life. NEW features do include 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. New discussions of enterprise risk management, insurance-linked securities, developments in auto insurance pricing and underwriting, and recent innovations in life and annuity products.
