Fundamentals of Risk and Insurance

Fundamentals of Risk and Insurance

This classic book presents a thorough and comprehensive introduction to the field of insurance while emphasizing the consumer. The new <i>Tenth Edition</i> first examines the concept of risk, the nature of the insurance device, and the principles of risk management. It then discusses the traditional fields of life and health insurance as solutions to the risks connected with the loss of income. And it deals with the risks associated with the ownership of property and legal liability.