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Unformatted text preview: Benefit is protection from financial loss Risk management decisions affected by degree of risk tolerance Managing Risk (contd) Economic impact on the decision to insure against risk When economic conditions are favorable, people are willing to purchase or increase insurance coverage When economic conditions are weak, they tend to reduce insurance Consider the possible danger in reducing insurance coverage Role of Insurance Companies Types of insurance Many types of insurance available Most popular forms are property and casualty insurance, life insurance and health insurance Insurance company operations Relationship between insurance companies and premiums Role of Insurance Companies (contd)...
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This note was uploaded on 02/22/2012 for the course FINANCE 250 taught by Professor Maryevans during the Spring '12 term at Rutgers.
- Spring '12