Risk Management and Insurance (Int'l Ed)

W. Frank Hipp Professor of Insurance and Professor of Finance in the Moore School of Business at the University of South Carolina. He received his Ph.D. in Finance from the University of Illinois in 1979 and was on the faculty of the Wharton School at the University of Pennsylvania during 1978-88. Dr. Harrington has authored and edited many books and published numerous articles in academic and professional journals. A frequent speaker on insurance markets and regulation, he has consulted for many leading insurance organizations and is former President of both the American Risk and Insurance Association and the Risk Theory Society. He was named the 1990 Insurance Educator of the Year by the Professional Insurance Agents Foundation. Greg Niehaus is Professor of Insurance and Finance in the Moore School of Business at the University of South Carolina. He received his Ph.D. in Economics from Washington University in 1985. From 1985-90, he was on the finance faculty at the University of Michigan and from 1996-97 he held the A.J. Pasant Chair of Life Insurance and Financial Services at Michigan State University. He has published articles in the Journal of Risk and Insurance, the Journal of Finance, the Journal of Financial Economics, the Journal of Business, the Journal of Banking and Finance, Financial Management, The Accounting Review, and the Journal of Insurance Regulation. He has won several teaching awards in the Moore School. In 2000, he became Chair of the Banking, Finance, Insurance, and Real Estate Department.

• 1. Risk and Its Management2. Objectives of Risk Management3. Risk Identification and Measurement4. Pooling Arrangements and Diversification of Risk5. Insurer Ownership, Financial, and Operational Structure6. Insurance Regulation7. Insolvencies, Solvency Ratings,and Solvency Regulation8. Insurance Pricing9. Risk Aversion and Risk Management by Individuals and Corporations10. Insurability of Risk, Contractual Provisions, and Legal Doctrines11. Loss Control12 Legal Liability for Injuries13. Automobile Insurance14. Homeowners Insurance15. Life Insurance and Annuities 16. Employee Benefits: Overview and Group Medical Coverage17. Retirement Plans18. Workers' Compensation and Employee Injuries19. Social Security 20. Corporate Risk Management and Shareholder Wealth 21. Tax, Regulatory, and Accounting Factors Affecting Corporate Risk Management22. Risk Retention/Reduction Decisions 23. Commercial Insurance Contracts24. Hedging Risk with Derivative Contracts 25. Alternative Risk Transfer 26. Analysis Tools used in Corporate Risk Management27. Enterprise Risk Management: A Case Study28. Corporate Liability to Customers, Third Parties, and Shareholders29. Issues in Liability Risk and It's Management