Complete and current coverage of major risk management and insurance topics. Principles of Risk Management and Insurance: Complete and current coverage of major risk management and insurance topics. Focusing primarily on the consumers of insurance, this text blends basic risk management and insurance principles with consumer considerations.This edition addresses the unprecedented events that have occurred in today’s economy, highlighting the destructive presence of risk to readers. In 2008 and 2009, the economy experienced a massive financial meltdown and brutal stock market crash that wiped out or substantially reduced the life savings of the most workers; the economy and monetary system came terrifyingly close to catastrophic collapse.