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This article focuses on recent legislative changes and judicial interpretations in the area of automobile insurance. Amendments to the Financial Responsibility Laws of Florida have, inter alia, lowered the requisite amount of insurance coverage, shifted the primary insurance burden from the automobile lessor to the lessee's insurer, and disallowed joinder of the liability carrier as a party to the litigation. Florida's no-fault statute has undergone its most severe changes to date. The authors note that the amendments are intended to limit victims' rights to recover damages from tortfeasors, the size of awards that victims may recover, and the number of fraudulent claims. Uninsured motorist coverage has been limited by the elimination of stacking, but broadened by including underinsured motorists within its provisions. Attention is also given to developments in medical malpractice insurance and the new statutory mandate for readable insurance policies.

Understanding Risk Management Introduction to Insurance Principles of Insurance Contract History and Development of Insurance Introduction to Life Insurance Mortality Tables Premium and Bonus Policy Conditions Life Insurance Products Annuity Settlement of Claims ULIP and Pension Plans Life Insurance Corporation of India (LlC) Introduction to Fire Insurance Principles of Fire Insurance Fire Insurance Policies Settlement of Claim in Fire Insurance Introduction to Marine Insurance Marine Insurance Policies Clauses in Marine Policies Premium Fixation Marine Losses and Claim Settlement Tariff Advisory Committee Registration of Insurance Company Protection of Policyholders' Interest Marketing of Insurance Products IRDA Rules and Regulations Governing Advertisements Bancassurance Reinsurance Loss Prevention and Control Health Insurance Agriculture Insurance Accident and Auto Insurance Micro Insurance Terrorism, Kidnap and Ransom Insurance Property Insurance Liability Insurance Critical Illness Insurance Rural and Social Sector Regulations Underwriting Tax Aspects of Insurance Insurance Need Analysis Insurance and Information Technology Competitive Environment Annexures Cases Specimen Copies of Forms and Policies Select Bibliography Glossary on Insurance Subject Index

AbstractSelling insurance gives insurers an incentive to manage insured risks. The "insurance-as-governance" literature demonstrates that insurers often make insurance conditional on ex ante risk reduction or mitigation. But insurance governs in support of enterprise, not security for its own sake. Tight underwriting inhibits enterprise—not only for insured businesses but also for the business of insurance. This paper highlights ex post loss reduction as a form of insurance-based governance. Drawing on interviews with industry insiders, we explore how insurers addressed the evolving problems of moral hazard, uncertainty and correlated losses since the 1990s. We find that cyber insurance developed sophisticated remedies to contain liabilities and quickly restore affected IT systems, but largely left security decisions to the insured. This facilitated enterprise in the short run but undermined security in the longer term: funding and expediting ransom payments encourages further attacks. As businesses improved their resilience, cybercriminals adapted and ransoms escalated, calling insurability into question. Yet there remains little appetite for imposing restrictive conditionality in this highly competitive market. Instead, insurers have turned to governments to contain criminal threats and cushion catastrophic losses.

Contents: The role of the life insurance company in health conservation programs, by L. K. Frankel; Co-operation between life insurance and trust companies, by E. A. Woods; Insurance of substandard lives, by Robert Henderson; Investment tendencies of life insurance companies, F. H. Ecker; Group life insurance, by W. J. Graham; Life insurance as an aid to education and philanthropy, by J. A. Stevenson; The modern life underwriter, by J. M. Holcombe, jr; Non-medical life insurance, by H. F. Larkin; Salary savings insurance, by R. L. Place; Inspection reports on persons as a factor in life insurance, by J. A. Fitzgerald; Beneficiary provisions under modern life insurance policies, by L. E. Thompson; Fraternal life insurance, by C. K. Knight.

This article focuses on recent legislative changes and judicial interpretations in the area of automobile insurance. The question whether insurers should be joined as parties defendant with their insureds as a matter of policy remains unanswered, as the Supreme Court of Florida struck down the nonjoinder statute as unconstitutional. The authors examine the new mandatory option for uninsured motorist coverage and the interaction of such benefits with other coverages and exclusions. The stacking of coverages still applies to some policies and may be crucial in underinsured motorist situations. Attention is also given to problems of concurrencies between personal injury protection and other coverages

Insurance Law - An Introduction is essential reading and will provide you with a thorough understanding of all the main areas including motor, property, financial and marine insurance. The book contains the latest case law and best practice with reference to problem areas including fraudulent claims, third party rights against insurers and construing insurance terms. Comprehensive guidance on all key areas from the duty of utmost good faith to choice of law and jurisdictional issues is given by the leading legal experts in the insurance industry

Editor's preface.-Introduction, by Sir William Beveridge.-State insurance against war risks at sea, by Sir Norman Hill.-Fire insurance during the war, by S. Preston and A.E. Sich.-The effect on British life assurance of the European war (1914-18) by S.G. Warner.-National health insurance and friendly societies during the war, by Sir Alfred W. Watson.-Unemployment insurance in the war and after, by Sir William Beveridge.-The national savings movement, by Sir William Schooling.-Index

Contents: Do we need compulsory public health insurance: yes, by I. M. Rubinow; Same: no, by R. G. Leland and A. M. Simons; Alternatives to compulsory public health insurance, by Pierce Williams.