Understanding risk and its management are no longer exclusively the concerns of experts and insurance professionals. Everyone, at the personal and commercial levels, feels exposure to risks more viscerally after September 11, 2001. This 8th edition introduces the new worlds of risk and risk management, while retaining the previous editions' clear and easy-to-grasp explanations of complex material. INDICE Introduction-Risk and Insurance After September 11, 2001. Part I: Fundamentals of Risk Management and Insurance. Risk. Insurance. The Evolution of Risk Management. Part II: Insurance Operations, Institutions and Markets. Insurance Company Operations. Insurance Institutions, Markets and Regulations. Part III: Insurance Contracts. Insurance Contracts. Structure and Analysis of Insurance Contracts. Part IV: Property and Liability Risks. Property Risk, E-commerce Property Risk, and Global Risk. The Liability Risk. Managing Home Risks. Managing Automobile Risks. Business Insurance. Workers' and Unemployment Compensation. Part V: Life, Health and Retirement Risks. Life Insurance. Social Security. Employee Benefits: Fundamentals, Life and Disability Risks. Employee Benefits: Medical Care. Employee Benefits: Retirement Plans. Annuties, Individual Health Products and Need Analysis. Case 1: The Smith Family's Insurance Portfolio. Case 2: Galaxy Max Employee Benefits. Case 3: Non-Traditional Insurance Programs: The New Generation. Case 4: Financial Risk Management for Hometown B