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Managing Environmental Risk Through Insurance : Studies in Risk and Uncertainty - Paul K. Freeman

Managing Environmental Risk Through Insurance

Studies in Risk and Uncertainty

Hardcover

Published: 30th June 1997
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Can insurance be used as a means to obtain compliance with environmental policy? Answering this question requires examination of a broad mosaic of academic issues, including current systems available for providing compensation and deterrence, use of contracts (including insurance) as substitutes for tort law, limitations of regulatory policy-making by government agencies, pre-conditions for creation of insurance products, and market mechanisms necessary for insurance to be purchased or sold. The purpose of Managing Environmental Risk Through Insurance is to highlight the potential role that insurance and performance standards can play in managing environmental risk. Insurance can play a significant role in dealing with one of the most problematic issues facing society today - how to compensate for environmental exposures.
This book analyzes the ability of insurance to play a role in managing environmental risk. It begins by outlining the role insurance plays in society in contrast to other societal tools for addressing risk: government benefit programs and imposition of involuntary liability using the court system. By so doing, the book describes the comparative advantages of insurance. The book then analyzes the insurability of the risks. Finally, the book applies the insurability analysis to three concrete environmental examples.

`...this is an extremely timely book whose message deserves serious attention by policy makers and politicians.' Journal of Environmental Planning and Management, 41:5 (1998)

Preface
Foreword
Acknowledgements
Managing Societal Risks
Introduction: Overview of the Problemp. 3
Managing Risk through Government Benefit Programsp. 7
Managing Risk through the Legal Systemp. 11
Managing Risk through Insurancep. 21
Managing Environmental Risks
Introduction: Insuring Enviromental Risksp. 33
The Insurability and Marketability of Riskp. 37
Insuring Asbestos Risk: Background and Identification of Riskp. 55
Insuring Asbestos Risk: Insurability and Marketability Conditionsp. 63
Insuring Other Types of Environmental Riskp. 75
Summary and Conclusionsp. 97
Indexp. 105
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780792399018
ISBN-10: 0792399013
Series: Studies in Risk and Uncertainty
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 107
Published: 30th June 1997
Publisher: Springer
Country of Publication: NL
Dimensions (cm): 23.5 x 15.5  x 1.91
Weight (kg): 0.78
Edition Type: New edition