Liability-insurance

Most employer-oriented books that I've seen on workers comp are usually anti-employee screeds in disguise. Not with Mr. Priz's book. He gives a business owner the hard facts on how to REALLY control his/her comp costs. And that starts with knowing what all the various WC 'adjustments' in your policy are, and how to systematically bring them into line with what the business claims experience is. All in all, a great book by a respected, seasoned premium analyst in the workers' comp industry.

I found CompControl to be a really useful resource on Workers' Compensation insurance. It explains the fundamentals of how Workers' Comp. insurance is priced, and then goes on to explain how overcharges can occur, and what can be done to prevent or correct them. Best of all, it's not written in an overly-dry way, as many technically-oriented books can be. This is an insurance book for non-insurance professionals who want to get an insider's knowledge of Workers' Comp. I think it would be very useful for business owners and managers of companies of all sizes.

want to go out and get in a fender-bender myself. We've all seen the famous Driver's Ed movies about the deadly physical and emotional consequences of auto accidents, but rarely has there been such in-depth treatment of the risk management and allocation consequences. I've read many books on insurance (and even reinsurance), but with the exception of Ostrager and Vyskocil's work, none have kept me turning the pages like Phillips and Chippendale. Look for more brilliance from this duo; the Simon and Garfunkel of the no-fault insurance literary community.

While I have long followed the work of Jerry J. Phillips, it is more than obvious to the intelligentsia that Stephen Chippendale is the powerhouse in this dynamic duo. Chippendale takes the reader on a tour de force fandango adventure in the no-fault world, it really is quite first rate. He might be a younger attorney, but that is not about to intimidate that bad boy

The last two decades have seen the emerence of a worldwide threat to air travel - man-made danger, violent human acts, use of force or threat of force in the form of unlawful seizure of aircraft, etc. there have been only a little written on this subject. The structure of the book is very good and it contains all necessary relatted matters.

This book gives lots of information on employment practices and liability in an easy to read format. It also lists great references to policies and their providers. An overall very useful book.

This textbook is an excellent resource for those students interested in developing a knowledge base in aviation insurance and risk management. The text descibes the various policies available for pilots, and aviation related companies. It also outlines the many types of risk management techniques used to ensure company solvency. The authors have made a very large and complicated subject into something more understandable.

John is my step dad, and he can write really well. This book he told me, was to prevent lawsuits to engineers. I read some of it and thought it was an excellent read. I think that all engineers should own a copy. I also love, John!

This book provides helpful information concerning productliability. The author does not intend for the book to take the placeof legal counsel, but rather to serve as a tool for executive decision making, detailing steps to take regarding quality and reliability.

As an attorney, I found this book to be well written and presented in nonlegal terms whenever possible. Where legal jargon is necessary, the author provides explanations and offers a small but useful glossary. Goodden includes several pertinent case examples, including a thorough discussion of simple steps that can be taken to reduce the risk of a liability claim.

Quality professionals and engineering executives will benefit from reading this book. Its strengths are the author's thorough review of the subject matter and his clear writing style.

I liked this book for its concise discussion of pertinent topics and the detailed case studies. I believe it would be a welcome addition to any engineering professional's library. It should be essential reading for design and manufacturing professionals, and it would also be valuable to business students, particularly at the graduate level.

James Jaquess
Lockwood Greene Engineers Inc
Quality Progress/July 1997

This is probably the best book on insurance for explaining the poor state of some ALM techniques used in insurance today and why. The authors correctly identify many falacies that actuaries have relied on and how they differ from the more advanced finance that has developed in banking ALM and the capital markets generally.

They do, however, get a bit distracted on a couple of topics, and bogged down in some formulas that I didn't think added much to the disccusion. In those moments, you know you're reading the work of university professors rather than practitioners.

They could have gone further with their ALM thinking. They could have discussed how mergers between insurance and banking would in the future highlight the differences between the current approaches to ALM, and how financial conglomerates will eventually just relegate insurance to one of many liability businesses, apply option-adjusted transfer prices to insurance products, and take the interest rate risk into consolidated positions. It will not be any more complicated than that. They allude to banking ALM, but don't really drive home any of what I thought were the logical conclusions. They were focused on insurance as stand-alone companies and did not address insurance in the context of a financial conglomerate.

Nonetheless, as stated, this is probably the best book on the market as an introduction to insurance ALM and helps dispell many myths and provides some useful history.

As a non insurance specialist, I was curious what the authors have to write about the convergence between the insurance industry and the capital markets. In particular the aspect of derivatives, since I'm in Equity Derivatives. The authors cover nicely the rapid change the insurance industry has faced the last couple of years. Show risk, opportunity, and support many arguments with mathematical models. Even though the authors have an outstanding academic record, the book is aktually fun reading (no boring academic book). References to other articles are extensive and the ALM Survival Toolkit in the Appendix is very well done. Here are the chapters:

1 The Basics of Property-Casualty Insurance
2 Securitizing Insurance Risks
3 Life Insurance in the United States: History of a crisis
4 ALM in Insurance: An Empirical Wander Around Europe
5 Life Insurance Pricing and the Measurement of the Duration and Liabilities
6 A Functional Approach to the Insurance Industry
7 Conclusion and Future Challenges
Appendix: The ALM Survival Toolkit

Mr Briys & Mr de Varenne have confirmend that the French are world-class in derivatives. Bravo!

In Insurance from Underwriting to Derivaties, Eric Briys and Francois de Varenne, both Deutsche Bank insurance experts, have written a highly technical, albeit readable, book for their professional peers. They discuss property-casualty insurance, risk, securitizing, pricing and liabilities duration in the United States and Europe. However, it will dawn on the casual reader fairly early that there should be an "experts only" label on the book jacket. Even the basic introduction to property-casualty insurance begins with the presentation of complex mathematical models. More daunting models, charts and graphs elucidate information throughout. Insiders will appreciate this data and the extensive footnotes and references. While this may not be a book for the mid-management reader, we from getAbstract assure you, without risk, that its target audience - financial executives and professionals in the insurance industry - will be very glad to have it.

The authors claim that some intro Calculus and Probablity is all that you'll to follow this book, but I disagree. The authors go into the derivation of the Vasicek model, et al, and if you want to follow along, you'd better know something about PDE and Ito's Lemma. Even having Calc I and Calc II under your belt won't be enough. I hate books that tell you you'll only need some rudimentary math skills, and the proceed to blow you way with concepts not covered by the level of math they think is necessary to grasp their book. Certain chapters can be read without extensive math knowledge, but to get the full value from this book you'll need more. That's why I gave it only 3 stars.

Although not easy reading this book should be a must for any banker or banker to be. The authors' approach to a term structure model is the most solid analysis of profitability planning in the banking industry. In bringing this approach van Deventer & Imai present a well written primer that leads the reader through fixed income mathematics, yield curve smoothing, duration, convexity, term structure models, risk-neutral instruments, derivatives, advanced hedging & risk measument techniques. This book requires some quantitative skills or great perseverance. Being past this hurdle any reader will find the authors approach an excellent contribution to the banking industry on its march towards Risk-adjusted Return on Capital

Easy to read but not as comprehensive as the information provided on the SettlementCentral.Com (http://www.settlementcentral.com) website for example. This book is better than the Dan's Baldyga one, but lacks on some areas such as subrogation, or negotiation with attorneys. Demand letters are not detailed to the nitty-gritty. Dog bite, auto accident and slip and fall personal injury claims are better explained on specialized personal injury online websites such as www.settlementcentral.com.
If you think you can do-it-yourself or teach yourself how to do your personal injury claim reading this book, you are mistaken.

Very informative. Anyone pursuing a liabily claim or needing other information about personal injury, this book is a MUST!