Introduction to Insurance (Classic Reprint) - Hardcover

Laurence E. Falls

9780331433586: Introduction to Insurance (Classic Reprint)

Hardcover

ISBN 10: 0331433583 ISBN 13: 9780331433586

Publisher: Forgotten Books, 2018

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Understand how insurance works—from history to modern practice.

This comprehensive guide explains the principles, practices, and regulatory framework that shape the insurance industry today. It covers how policies are written, how risks are assessed, and how claims are adjusted, with clear explanations aimed at readers new to the topic.

In-depth chapters walk through the five core principles of insurance, the role of agents and brokers, and the language of the business. The book then surveys major kinds of insurance—fire, casualty, marine, inland marine, life, and bonds—along with the people and processes that keep these protections functioning. It also explores topics like loss prevention, federal and state regulation, and how investment decisions support insurer operations. Throughout, readers will see how insurance connects to everyday life, business decisions, and the public interest, without getting lost in jargon.
What you’ll experience:

A clear overview of how insurance contracts are formed and who the parties are
Plain explanations of important concepts such as insurable interest, indemnity, and moral hazard
Descriptions of major policy types, coverage considerations, and claims handling
Insights into regulation, investment strategies, and the economics of underwriting

Ideal for readers seeking a solid, foundational view of insurance—whether for personal planning, business decisions, or academic study. It’s suitable for anyone needing a practical understanding of how protection against loss is created and managed.

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