Product Description
The terrorist attacks of September 11, 2001 and the Enron scandal both highlighted the importance of risk management and insurance. Giving particular attention to the market's increased sense of vulnerability and the newest technologies, Risk Management and Insurance provides a clear introduction to the complexities of this field. With chapters on topics such as e-risks and enterprise risk and a focus on connecting each chapter into the bigger picture, Baranoff's ap... More >>
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This textbook offers a detailed, panoptic view of the field of insurance and risk management. Author Etti G. Baranoff does not seem to promote a philosophical, narrative or analytical point of view on the subject. Instead, she aims to provide students with a dense introduction to the field’s bedrock information. Therefore, she presents a vast number of facts related to insurance and risk management, but generally refrains from taking a position on them. This is the sort of book one is assigned as the well-chosen, required text in a course on insurance. The author expertly defines every necessary term and explores every important aspect of the decision to buy or forego insurance, including legal implications, policy variants and alternative products. We suggest that corporate risk managers may want to keep it on their bookshelves for its excellent definitions and its appendices, which offer illustrative excerpts from several different insurance policies. Even those who are not in the risk management business could benefit from some chapters, especially those recommending ways to calculate the appropriate amount of insurance.
Ms. Barnoff is an active professor at VCU in Richmond thus she stays on top of business and Risk management trends. This book is not only a great resource for the student or novice but those with some seasononmg in the business. She certianly has several good ideas even for the veteran such as the risks associated with computer mainframe storage systems that if not equiped with back up systems or some specific insurance program could cripple a company or government entitry. Even discusses Enterprise Management, going beyond the traditional risk mangement thought process looking at financial areas of risk.
There were big water stains in the corners of the book. I would have not bought it if the description said so. So the seller was dishonest.
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