Book Description

All investors--and financial institutions in particular--face an ever growing degree of risk in their financial transactions. This accessible guide, which is filled with easy-to-follow examples, shows you how to evaluate and model those risks and adapt a strategy to create the best possible outcome. ... Read more

Book Description

This course surveys health insurance principles and concepts common to all state producer licensing exams. It is intended as a comprehensive introduction to health, accident and disability insurance.Topics includecontract law, health insurance providers, health insurance policies, government programs, private insurance plans for seniors, underwriting and premiums, group health insurance and the uses of health insurance.

This text includes lesson objectives, special notes including Take Note, Test Topic Alert! and QuickQuizzes as standard features.The text is clear, complete and up to date, and includes updated forms and theNAHU Code of Ethics.An index is included to make this text more useful as a study and reference tool.

To accurately prepare for the state licensing exam, Dearborn strongly recommends studying this LicenseExam Manual with the appropriate State Law Guide. ... Read more

Reviews (1)

Good at home study manual.
Overall it is a good study guide (I passed using this book with 2 weeks of leisurely at home study), but the test section could be revamped - it did not include enough questions that were like the ones on the actual exam (I took an Experior Online state exam). ... Read more

Reviews (3)

Worth Every Penny!!!
My spouse and I have been trying to determine if we need long term care and, if so, which options were most important. After reading a number of (more expensive) books and articles, we finally found this book.

Although the book didn't offer advice, it did a great job of laying out the pros and cons of the various options available. The worksheet in the back helped us to better discuss the issues with our insurance agent and the chapter on underwriting prepared us for what to expect and why.

All in all - a very good book that was simple to read and understand!

Very hulpful!!!
My wife and I have been researching long term care insurance for several months. This book was the first to fully explain the things that we needed to know...and it was an easy read with little use of insurance jargon.

Note: From the Author
Purchasing a Long Term Care policy is an expensive, usually lifelong, decision. Once they purchase coverage, very few individuals allow it to lapse or replace it with a newer policy. The consumer's relationship with the insurer may span 20, 30, or even 40 years. Some of these years will be as a healthy premium payer, while others may be as a beneficiary.

For this reason, the consumer should take the time to fully understand the product that he or she purchases. It is equally important to determine the strength and stability of the insurance company providing the coverage.

This book is a guide to help you, the consumer, better understand Long Term Care insurance. The goal is to translate industry jargon and legalistic policy language into laymen's terms to help the purchasing public better understand the types of policies and features available in Long Term Care policies so that consumers can assess the value and limitations of Long Term Care insurance. ... Read more

Book Description

What Do You Mean It's Not Covered? explains the confusing intricacies of insurance policies and shows how to avoid assumptions and mistakes. ... Read more

Book Description

This book puts an end to unnecessary consumer spending by telling how to lower automobile insurance premiums, choose a good HMO or PPO health plan, reduce homeowner's insurance premiums, determine the amount of life insurance really needed, and more. ... Read more

Book Description

This complete guide to the essential issues in insurance contracts and the insurance industry offers substantially more conceptual analysis and attention to business risk management and public policy issues than professionals will find in other sources. In addition, it gives a broader perspective on risk management than other books on the subject introducing useful topics outside the traditional realm of the insurance industry. ... Read more

Reviews (1)

Good Reference
Our organization is making a transition from reinsurance only to providing risk management services. This transition has posed many challenges, including training of our employees. This text has provided us a readable reference for employees to learn more about risk and risk management. Reviews from our staff are good. ... Read more

Book Description

"This excellent book...is filled with valuable information...fascinating reading."-- Robert Bruss, Tribune Media Services ... Read more

Reviews (1)

Attn: Pauly... This is the correct theory of demand.
I was recently a student in Nyman's Health Economics class. This book provides a great introduction to the theory of demand for health insurance. It is a stark and entirely correct contrast to the conventional theory, and leads to a number of important policy implications. This truly is a re-examination of all we understand about health insurance at the basic level.

To sum it up, health insurance is demanded not because it reflects consumer's desire to avoid risk. Rather, it reflects a desire to receive additional income when sick from those who are healthy. Consequently, the moral hazard of increased consumption of medical care is welfare-increasing rather than welfare-decreasing.

If you wish to understand what (hopefully) will some day become THE theory of demand for health insurance, buy and read this book. ... Read more

Book Description

This comprehensive guide is designed to help consumers understand the American health insurance system so that they can obtain the benefits to which they are entitled. The book covers both new and traditional health insurance plans, including individual and group policies, HMOs and other types of managed care plans, self-funded plans, Medicare, Medicare HMOs, Medigap, long-term care, COBRA, CHAMPUS, and Medical Savings Accounts. ... Read more

Book Description

In today’s environment, organizations have to understand and respond rapidly to shifting public values, rising expectations, demands for public consultation and an increasingly intrusive news media.This is particularly crucial when things go wrong--when crises are handled badly they can cause severe damage to an organization’s reputation, sales, profitability and share price.Risk Issues And Crisis Management shows clearly how issues and crises can be handled successfully and effectively with minimal damage and disruption.The book includes examples, case studies and models to show how complex crises have been handled in practice, including both successful and unsuccessful campaigns. ... Read more

Book Description

In response to rapidly increasing medical costs in the California workers' compensation program, the California Commission on Health and Safety and Workers' Compensation is recommending that the current fee schedule that determines the amount health care providers are paid be linked to Medicare fee schedules. This study examines issues arising from the differences between the two types of fee schedules, modifications that may be needed to tailor the Medicare fee schedules to California's injured workers, and the implications of automatic annual updates to the schedules. ... Read more

Book Description

Over the years, risk management has developed separately in both the insurance and financial fields. Today, the two are finding value in each other's tools and techniques. Integrated Risk Management combines the best of the two notions of risk management, insurance and financial, to develop solutions ideal for taday's complex risk environment. Tools go beyond hedging strategies to also examine leveraging, post-loss financing, contingent financing, and fiversification. ... Read more

Reviews (3)

It is the best of what is available in a book format.
The book is a delight to read, especially if the reader has a corporate finance background. For those with out, Doherty devotes the first six chapters to a thorough review of key corporate finance concepts. I strongly recommend it. The book does not provide quick solutions or "to do lists". It is designed to create in you an in depth understanding of the issues surrounding the field of risk financing and the interrelationship between insurable risk, business risk and economic value. This is a book well worth the trees it took to make the paper for its 600 plus pages. If you want more, perhaps you need to enroll in an MS program...

Good strategic read - let down only by its editor
This book is an excellent read on the importance of integrated risk management (although as the previous reviewer indicated it does not attempt to describe in any detail an integrated risk measurement system - although it does hint at the use of simulation for this purpose at the end of Chp 14). It also highlights rather well the tools that exist in the insurance markets that can be used to achieve risk management ends consistent with corporate finance theory. The book does not attempt to focus on any particular risk since the theme of the entire book is that the effect of risk, not its source, is the most important factor in managing risk.

As with many first releases this book suffers a large number of editorial oversights but given the simple presentation of the many examples in the book these errors are fairly straightforward to pick.

Risk Aggregation?
Having read the text on the flap of the book, as advertised by Amazon, I immediately asked our library to purchase the book. Its contents however did not contain some details that I was hoping to find. Integrated risk management is not treated comprehensively (as it is supposed to do), as risk measurement and the possible aggregation of risk measures in the framework of integrated risk management are left out. There is a long introduction into the basics, which is admittedly very good. Later on, there is a wonderful discussion on risk management strategies. As a textbook, this would do fine, since the basics are explained, and the structure of the discussion is good. But I do miss the real integration of risk measures into one figure. And also, the text of the flap mentioned how insurance methods have been incorporated into finance. This is however only in the level of strategies. Nothing on for example how credit risk measurement has taken up methods used in insurance management. In any case, the book is quite useful for those involved in strategical risk management. ... Read more

Book Description

This is a new edition of a very successful introduction to statistical methods for general insurance practitioners.No prior statistical knowledge is assumed, and the mathematical level required is approximately equivalent to school mathematics. While the book is primarily introductory, the authors discuss some more advanced topics, including simulation, calculation of risk premiums, credibility theory, estimation of outstanding claim provisions and risk theory. All topics are illustrated by examples drawn from general insurance, and references for further reading are given. Solutions to most of the exercises are included. For the new edition, the opportunity has been taken to make minor improvements and corrections throughout the text, to rewrite some sections to improve clarity, and to update the examples and references. A new section dealing with estimation has also been added. ... Read more

Reviews (1)

Good overview
For those who study actuarial/statistics this book provides good overview of characteristics of poisson, variance and standard deviations. Full of worked examples this pocket sized book is recommended by actuarial academics alike. ... Read more