Introduction to Property and Casualty Insurance

When a disaster strikes, who foots the bill? Welcome to the high-stakes world of property and casualty insurance. You’ll learn how actuaries define insurable risks, calculate premiums, and ensure there’s enough money to pay out claims, even after catastrophic losses due to the climate crisis. We’ll break down the structure of homeowners, auto, and liability policies and explore how reinsurance protects insurers. By analyzing the historical court cases that shaped today’s regulations, you’ll gain the deep context you need to navigate the modern industry.