Introduction to Risk and Insurance by Ralph Blanchard

An informative discussion of the major aspects and elements of the subject of insurance.

Of Interest:

Falling Through the Safety Net: Insurance Status and Access to Health Care

Health Care and Insurance: Distortions in the Financing of Medical Expenditures

Health Care Risk Management: Organization and Claims Administration

This book contains a collection of thirty-five major articles and addresses by D. Blanchard, a renowned specialist in the systematic study of insurance. The collection presents clear and precise interpretations on a broad range of topics, such as risk-bearing, ratios, public relations, the basis of premium rates, insurance terminology, and government and insurance. As such, this volume is especially interesting and useful for people in the insurance field, teachers and students in insurance, as well as others who are affected by risk elements in their businesses.

Ralph H. Blanchard (1891-1973), graduated from Dartmouth College in 1911 and received his Doctorate at the University of Pennsylvania where he taught until 1917. He was president of the Casualty Actuarial Society in 1941 and 1942. He also served as president of the American Association of University Teachers of Insurance, as vice president and manager of the American Managers Association, and as director of the Insurance Society of New York. He was the author of numerous publications, and instituted and edited the McGraw-Hill Insurance Series, of which twenty volumes appeared before his retirement. Dr. Blanchard was an advisor to the insurance industry and was also a consultant to the Department of Defense, Department of the Treasury, and the Social Security Board. In 1958 he was elected to the Insurance Hall of Fame established by the Griffith Foundation and Ohio State University.

	Preface
1.	Risk and Insurance	1
2.	The Insurance Mechanism	19
3.	Insurance in the Depression	27
4.	Fire Hazards	34
5.	Prevention	40
6.	Ratios	45
7.	Research	51
8.	Changing Times and the Insurance Agent	55
9.	Public Relations	61
10.	Constructive Competition	64
11.	Automobile Insurance and the Traffic Problem	69
12.	Insularity in Insurance	75
13.	The Casualty Actuary and Social Insurance	79
14.	The Lawyer and Insurance	84
15.	Losses, Expenses and Profit	92
16.	Health Insurance and the Insured	98
17.	Education	104
18.	Risk as a Special Subject of Study	110
19.	The Education of an Adjuster	116
20.	College and Company Education	119
21.	Reserves	123
22.	Unearned-Premium Reserves	128
23.	Investments of Insurers	133
24.	Coinsurance	138
25.	Fire Loss Adjustment	144
26.	Appointment of Loss in Fire Insurance	151
27.	The Basis of Premium Rates	159
28.	Purchasing Insurance	164
29	Deductible Average	169
30.	Description of Property in the Fire Insurance Contract	172
31.	The Insurance Buyer Looks Ahead, Personal Insurance	177
32.	Insurance and Government	183
33.	Revision of the New York Standard Fire Insurance Policy	190
34.	A Proposal for State Regulation of Rates	196
35.	Insurance Terminology	199
	Index