Rejda is a market leader among risk management and insurance texts. Known for its proven authorship, attention to detail and technical accuracy, this new edition examines the process of analyzing and planning for both personal and business risks. Principles of Risk Management and Insurance includes new discussions on- proposed privatization of Social Security, investing Social Security trust funds into common stocks, the Medicare crisis, the future insolvency of Social Security, the Health Insurance Portability and Accountability Act of 1996, increased mergers and consolidation of insurers, redlining, and banks entering insurance. New Internet Resources at the beginning of each part point students to new sources of insurance information on the Web. Boxed Insights continue to show the relationship between concepts and the real world with articles from professional business publications. Mini-Cases at the end of each chapter help students to develop analytical and critical reasoning skills.