This course is designed to give a student an overview of risk management and 
insurance principles and risk management practices of corporations. The first eight 
chapters of the book cover issues that relate to corporate risk management and 
insurance as well as individuals. However, at this point much greater emphasis is 
given to corporate risk management and insurance and the methods corporate risk 
managers use to identify and treat risk. A comprehensive study of risk management 
principles is made. Again with a corporate emphasis. Finally, standard clauses found
in commercial insurance policies are examined as well as risk management alternatives
to insurance.
Then the class changes its emphasis to the risk management needs of the individual 
and includes pure as well speculative risk issues. The risk management needs of the 
individual are divided into the separate stages of their adult life: 20-35; 36-50; 
51- (62-67); retirement and death. Risk management issues are also divided as to the 
individual and the family. All types of personal insurances are intensively studied 
and include but are not limited to: Auto and other motor vehicles, homes and their 
contents, watercraft, personal umbrellas, health insurance, disability insurance, 
life insurance, long term care insurance and annuities.
Management of pre mature death is studied as well as living too long. Related to
these topics are: asset accumulation, asset management and asset disbursement.

Introduction to risk - 1
Risk Identification and evaluation - 2
Property liability loss exposures - 3
Life, health, and loss of income loss exposures - 4
Risk management techniques; no insurance methods - 5
Insurance as a risk management technique: principles - 6
Insurance as a risk management technique: policy provisions - 7
Selecting and implementing risk management techniques - 8
Risk management for auto owners - 13
Risk management for homeowners -15
Loss of life - 16
Loss of health - 17
Retirement planning and annuities - 18
Employee benefits - (19&20)

The last week of the class students must give a 10-minute oral presentation on the
subject of their 15-page term paper. The class is divided into teams of 2 or 3 
students and each team much write a term paper and give an oral presentation with an 
emphasis on delivery, and visual aids. The paper is supposed to have the content. The 
presentation is a formal one like one given to a board of directors by an employee. 
The subject of the term paper must be pre-approved by the professor (me) and be a 
topic not covered in any detail in class.