RSKM336

School of Business

Commercial Property and Casualty Insurance is designed to provide students with a broad introduction to commercial property and casualty risks and effective management of those risks primarily with insurance. Property and casualty insurance coverages are also known as property and liability insurance. Students will develop a working knowledge of the major types of commercial insurance coverages and contracts and the loss exposures that they are intended to mitigate. Students will learn how to identify, evaluate, and quantify commercial loss exposures and then apply risk management methodology to make effective risk decisions. Application of property insurance to pure risk exposures including direct and indirect property will be explored. Next, an overview of liability insurance of all types will be covered as well as its application to general business liability and catastrophic liability risks and exposures. The course will help students gain the analytical skills and broad risk management techniques to understand how commercial risk management programs are designed, priced and managed primarily from a business perspective. The course will focus on plan design options and pricing implications, government regulations, and tax issues. Company structures, management, distribution and risk management approaches will be covered as well as current issues facing the property and casualty insurance industry. Throughout the semester students will be exposed to current risk related topics and issues and they will be able to demonstrate their understanding of them through presentations, group projects, and a final paper.

Standard (S)