Course Description
Property risks facing businesses and the effective management of these risks with insurance. Practical application of property insurance to pure risk exposures, including direct and indirect property, inland marine, crime, boiler and machinery, and catastrophic property risks.
Additional Requirements for Graduate Students:
Graduate students are required to prepare a research paper on a current topic in property insurance and present their paper to the class.
Athena Title
Advanced Property Insurance
Prerequisite
RMIN 5100 or RMIN 5100S
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Course Objectives
Rmin 5530 is a course that conducts an extensive study of commercial property risk management and insurance. All types of commercial property loss exposures are identified, as are all types of commercial property losses. The emphasis is on insurance loss control and loss retention as the primary means of managing commercial property risks. The textbook is Commercial Property Insurance and Risk Management by Trupin and Flitner, 6th edition. It is the most comprehensive and advanced text on the subject matter that is commercially available. The text consists of two volumes and has 15 chapters. The course covers all 15 chapters. That means that students must study 50 pages of extremely detailed material each week. To encourage them to
Topical Outline
The Chapters are: The Risk Management Process -1 Property Loss Control - 2 Building and personal property loss exposures, coverage forms, and perils insured against (Chapters 3-6) Earthquake and Flood - 7 Business Income and Extra Expense Loss Exposures and Insurance (8&9) Inland Marine and Ocean Cargo Insurance - 10 Crime Insurance (11&12) Boiler and Machine Insurance - 13 Small business and farm owners insurance - 14 Surety Bonds - 15
Syllabus