Expanded the coverage of risk management into two chapters, by first introducing the basic concepts of risk management and insurance, and then discussing specific applications of the principles

Updated sample policy forms for use with this edition are available for download on the student companion site

This edition now reflects the numerous changes in the field of insurance as a result of the new tax laws passed in June 2001, including a complete revision of the discussion of estate planning.

Chapter 21 has been significantly revised, with a decrease in the emphasis on traditional health insurance as sold by insurance companies, and an increased emphasis on managed care plans,such as HMOs.

Chapters 24, 25, and 28 have been revised to reflect the changes in the new homeowners program released in 2000.

NEW Chapter 34 - Current Topics - available online