Thoroughly updated, the seventh edition of Principles of Risk Management and Insurance provides the in-depth analysis of current issues and technical accuracy that readers expect from this market-leading text. The seventh edition continues to emphasize the insurance consumer and blends basic risk management and insurance principles with consumer considerations. Further, it addresses personal risk management and financial planning, so that students can apply basic concepts immediately to their own lives.New in the Seventh EditionThe Seventh Edition features heightened coverage of risk management in an all-new Chapter 4 on advanced topics in risk management such as enterprise risk management, financial risk management, loss forecasting, financial analysis in decision making, and the application of new technology to risk management programs. In addition, Chapter 3 has been heavily revised to include a discussion of personal risk management. Other new coverage includes an outline of the major revisions in the new homeowners policy in Chapters 8 and 9 and material on the new 1998 personal auto insurance policy in Chapter 10. And the new Chapter 20 on retirement plans discusses annuities and IRAs.The Seventh Edition also offers pedagogical enhancements. Recognizing the Internet as a valuable source of information, each chapter now contains a number of Web sites linking students to the latest resources. The emphasis on technology continues with a new Companion Web site featuring Internet exercises and self-administered chapter quizzes. Finally, all of the popular "Insight" boxes have been updated. "Insights" are effective learning tools that help students apply insurance concepts to real-world situations.
George E. Rejda is a nationally known expert on private insurance and social insurance programs. He is a Past President of the American Risk and Insurance Association. His primary research areas are Social Security and unemployment insurance. He is a founding member of the National Academy of Social Insurance, initially limited to 125 experts on Social Security in the United States. He is the founding editor of Benefits Quarterly in the employee benefits field and also served as Communication and Notes editor for the Journal of Risk and Insurance. He has published numerous books, articles, and other publications, several of which were used by the Insurance Institute of America in its professional program. He is a former member of the examination committee of the Insurance Institute of America, which designs and administers professional examinations to employees in the property and casualty insurance industry. His textbook, Principles of Risk Management and Insurance, is widely used by colleges and universities throughout the United States. Rejda received his Ph.D. degree from the University of Pennsylvania where he studied risk and insurance as a Huebner Foundation Fellow in the Wharton School. He is a former member of the Administrative Board of the Huebner Foundation for Insurance Education at the Wharton School, University of Pennsylvania. He is also a Chartered Life Underwriter (CLU). During his career at UNL, he has taught more than 13,000 students.
