风险管理和保险 英文版PDF电子书下载

PART 1 RISK AND THE RISK MANAGEMENT PROCESS 1

1 Introduction to Risk 2

The Burden of Risk 3

Definitions of Risk 4

Sources of Risk 5

Measurement of Risk 8

Management of Risk 11

2 Risk Identification and Evaluation 14

Risk Identification 15

Risk Evaluation 17

Accuracy of Predictions 25

3 Property and Liability Loss Exposures 30

Property Loss Exposures 31

Liability Exposures 32

Types of Liability Damages 33

Criminal and Civil Law 35

Torts 36

Basic Law of Negligence 36

Defenses Against Negligence Claims 37

Factors Leading to Higher Standards of Care 38

Types of Liability Exposures 41

Integrated Risk Exposures 50

Miscellaneous Liability 50

4 Life,Health,and Loss of Income Exposures 53

Exposures Due to Premature Death 54

Exposures Due to Loss of Health 62

Other Income Loss Exposures 71

5 Risk Management Techniques:Noninsurance Methods 75

Risk Avoidance 76

Loss Control 76

Risk Retention 80

Risk Transfer 83

The Value of Risk Management 85

6 Insurance as a Risk Management Techniaue:Principles 89

The Nature of Insurance 90

Principle of Indemnity 91

Principle of Insurable Interest 91

Principle of Subrogation 93

Principle of Utmost Good Faith 94

Requisites of Insurable Risks 97

Requirements of an Insurance Contract 101

Distinguishing Characteristics of Insurance Contracts 102

Role of Agents and Brokers 103

Principles of Social Insurance 105

Social and Economic Values and Costs of Insurance 107

7 Insurance as a Risk Management Technique:Polincy Provisions 112

Declarations 113

The Insuring Agreement 113

Exclusions 114

Common Policy Conditions 117

Definitions 121

Basis of Recovery 121

Clauses Limiting Amounts Payable 122

8 Selecting and Implementing Risk Management Techniques 133

Avoid Risks If Possible 134

Implement Appropriate Loss Control Measures 134

Select the Optimal Mix of Risk Retention and Risk Transfer 138

Implementing Decisions 143

Subjective Risk Management 146

Enterprise Risk Management and Alternative Risk Transfer 147

PART 2 COMMERCIAL RISK MANAGEMENT APPLICATIONS：PROPERTY-LIABILITY 153

9 Risk Management and Commercial Property—Part Ⅰ 154

The Simplified Commercial Lines Portfolio Policy 155

Boiler and Machinery Insurance 159

Business Owners Program 160

Other Commercial Property Forms 161

Reporting Forms 162

Time-Element Contracts 163

Consequential Loss Coverage 163

Contracts Without Time Element 167

10 Risk Management and Commercial Property—Part Ⅱ 172

Transportation Insurance 173

Ocean Transportation Insurance 176

Land Transportation insurance 182

Floater Contracts 183

Credit Insurance 184

Title Insurance 186

Plate Glass Insurance 187

Crime 187

Crime Insurance and Bonds 188

Burglary, Robbery, and Theft Insurance 190

Risk Management of the Crime Peril 192

Disaster Risk Management:A Case Study 192

11 Business Liability and Risk Management Insurance 196

Common Liability Contract Provisions 197

Commercial Liability Insurance 203

Commercial General Liability 203

Employment Practices Liability 206

Business Auto Coverage 206

Professional Liability Insurance 209

Captive Insurance Companies 213

Workers Compensation Insurance 219

12 Workers Compensation and Alternative Risk Financing 219

Major Reform 220

Risk Management and Workers Compensation 228

Conclusions 237

PART 3 PERSONAL RISK MANAGEMENT APPLICATIONS：PROPERTY—LIABILITY 239

13 Risk Management for Auto Owners—Part Ⅰ 240

The High Cost of Automobile Losses 240

Insurance Claims 241

The Need for Insurance 243

Personal Automobile Policy 243

Personal Automobile Policy Components 244

Automobile Insurance and the Law 255

Risk Management and Personal Automobile Rating 259

14 Risk Management for Auto Owners—Part Ⅱ 266

Premiums and Death Rates 266

Car Theft 268

Who Pays 270

Cost Containment 270

No-Fault 272

Alcohol and Driving 275

New Laws 275

Advances in Driver and Auto Safety 276

A Potential Crisis 278

Airbags, Auto Property Damage, and Teenage Drivers 278

15 Risk Management for Homeowners 281

Homeowners Program:Development 282

Outline of Homeowners Coverages 283

Analysis of Homeowners Policy 285

Perils Covered in Homeowners Insurance 292

Optional Property Endorsements to Homeowners Policies 298

Flood Insurance 302

Personal Articles Floater (PAF) 302

Mobile Home Endorsement to Homeowners Policy 303

Comprehensive Personal Liability and Medical Payments Insurance 304

Dwelling Program (Not Homeowners ) 311

Farmowners —Ranchowners Policy 313

Risk Management—Personal Lines 313

Personal Risk Management 317

PART 4 RISK MANAGEMENT APPLICATIONS：LIFE,HEALTH, AND INCOME EXPOSURES 325

16 Loss of Life 326

Types of Life Insurance 327

Income Tax Treatment of Life Insurance 336

Life Insurance Contract Provisions 337

17 Loss of Health 351

Health Insurance Providers 352

Mechanics of Cost Sharing 355

Health Expense Insurance 357

Disability Income Insurance 363

Health Insurance Policy Provisions 364

Health Care Reform 367

18 Retirement Planning and Annuities 374

Structure of Annuities 375

Annuity Characteristics 376

Annuity Taxation 381

19 Employee Benefits:Life and Health Benefits 387

Reasons for Employee Benefits 388

Premature Death Benefits 389

Health Expense Benefits 395

Disability Income Benefits 403

20 Employee Benefits:Retirement Plans 408

Social Security Retirement Benefits 409

Pension Plans 412

Plan Qualification 413

Deferred Profit-Sharing Plans 422

Employee Savings Plans 423

Individual Retirement Accounts 424

Simple Plans 426

Keogh Plans 426

Section 403(b)Plans 427

21 Financial and Estate Planning 431

Financial Planning 432

Estate Planning 432

A Case Study:The Johnson Family 439

Considerations in Buying Life and Health Insurance 448

PART 5 THE RISK MANAGEMENT ENVIRONMENT 455

22 Risk Management and the Insurance Industry 456

The Field of Insurance 457

Types of Insurers 460

Channels of Distribution in Insurance 464

Globalization of Risk Management and the Insurance Industry 471

23 Functions and Organization of Insurers 476

Functions of Insurers 477

Reinsurance 491

24 Government Regulation of Risk Management and Insurance 497

Why Insurance Is Regulated 498

The Legal Background of Regulation 499

The McCarran-Ferguson Act 500

Federal versus State Regulation 502

Responsibilities of the Insurance Regulators 504

Miscellaneous Insurance Laws 509

Tort Reform 511

Taxation of Insurance 512