Principles of risk management and insurance

This text is designed for the first insurance course in the revised ten-semester Chartered Property Casualty Underwriter curriculum introduced in 1978. Its basic purpose is to present those principles and basic facts about risk management and insurance which are an essential foundation to other insurance courses in the CPCU curriculum and which, therefore, need not be repeated in later study. This text is divided into two volumes, with the first (THIS BOOK) focusing primarily on the principles of risk management and the second on the principles of insurance.