Property and Liability Insurance

This course covers policy forms used to protect businesses and other institutions against financial loss arising from physical damage to their assets; loss of income from damaged or destroyed property until restored; intangible losses from such perils as tampering with products; and loss from liability for damage to the person and property of others. Attention is given to the economic, social, and legal environment in which property-liability insurers operate and to such basic operational functions of insurers as underwriting, rating, loss settlement, and finance.