Take no chances! Learn about risk and insurance from the premier text. Why learn about risk and insurance? You might be thinking of a career in the diverse and rewarding fields of risk management and insurance. If you plan on managing a business, you'll need to know how to protect your organization from risk. And as an individual, you'll want to make informed decisions about protecting yourself and your family with life, medical, home, auto, and many other kinds of insurance. Whether you want to prepare for our career or simply become a more knowledgeable consumer, Vaughan and Vaughan's Tenth Edition of Fundamentals of Risk and Insurance gives you a comprehensive, consumer-oriented introduction to the many facets of risk management and insurance. The Tenth Edition presents the principles of risk management, summarizes the nature of pure risk on the individual and on society, and illustrates how insurance can be used to deal with the problems posed by such risk. In addition to clear and engaging coverage of insurance principles and theory, you'll walk away from this book with practical, how-to advice that will come in handy in both your professional and personal life. NEW FEATURES Includes the changes to pension regulation introduced by the Pension Protection Act of 2006. Reflects changes to the Medicare program that were introduced by the Medicare Prescription Drug Improvement and Modernization Act of 2003, including Medicare Part D. Updated discussion of the personal auto policy incorporates changes introduced in 2005. Incorporates changes in commercial lines forms, including the 2004 commercial general liability form, 2006 commercial crime program, and 2006 business owners policy. Revised to reflect the 2001 CSO mortality table. New discussions of enterprise risk management, insurance-linked securities, developments in auto insurance pricing and underwriting, and recent innovations in life and annuity products.Vaughan, Emmett J. is the author of 'Fundamentals of Risk and Insurance', published 2007 under ISBN 9780470087534 and ISBN 0470087536.