Description
Book SynopsisTrade ReviewAn interesting and educational look at risk and insurance, and Powers's provocative findings provide an idiosyncratic, compelling perspective worth reading. -- James K. Hammitt, Harvard University and Toulouse School of Economics, and coeditor of The Reality of Precaution: Comparing Risk Regulation in the Unites States and Europe Powers has a unique talent for explaining complex matters in a simple way, and his book lays out the fundamental insurance and risk concepts that are essential for success in today's chaotic environment. Even better, Acts of God and Man is enjoyable and a fun read--rare qualities in risk and insurance literature. -- Denis Kessler, Chairman and CEO, SCOR Group It is a pleasure to write a foreword for this book of both scholarship and humor. It factors in the various concepts of risk, but provides both theory and practical guidance on those 'aloof risks' suitable for insurance. Michael R. Powers manages to create a text for students of insurance while raising the deep philosophical problems in the formulation and application of probability theory. -- From the Foreword by Martin Shubik, professor emeritus, Yale University, and author of The Theory of Money and Financial Institutions Powers entices readers with an entertaining and engaging narrative, and writes with such clarity and skill that readers almost won't notice the strides he makes in complex issues and dense concepts. Particularly given all the turgid materials on risk and insurance, Acts of God and Man is a breath of fresh air and an impressive achievement. -- Michael Morrissey, president and CEO, International Insurance Society
