Managing Environmental Risk Through Insurance

Managing Environmental Risk Through Insurance PDF Author: Paul K. Freeman
Publisher: Springer Science & Business Media
ISBN: 9401153604
Category : Business & Economics
Languages : en
Pages : 107

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Book Description
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.

Managing Environmental Risk Through Insurance

Managing Environmental Risk Through Insurance PDF Author: Paul K. Freeman
Publisher: Springer Science & Business Media
ISBN: 9401153604
Category : Business & Economics
Languages : en
Pages : 107

Get Book

Book Description
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.

Managing Environmental Risks through Insurance

Managing Environmental Risks through Insurance PDF Author: Katarzyna Malinowska
Publisher: Springer Nature
ISBN: 3031476026
Category :
Languages : en
Pages : 401

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Book Description


Managing Environmental Risks through Insurance

Managing Environmental Risks through Insurance PDF Author: Katarzyna Malinowska
Publisher: Springer
ISBN: 9783031476013
Category : Law
Languages : en
Pages : 0

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Book Description
This book identifies the role of insurance in a comprehensive system for managing environmental risks at the local, regional and global level. National and international legal instruments regulating environmental protection, especially aspects like pollution, are not precisely reflected in insurance concepts intended to cover environmental risks. As such, there is a need to identify environmental risks and to propose a taxonomy of environmental risks for various types of insurance coverage. The authors refer to the issues of liability in environmental protection, the scope of insurance coverage and comment on specific issues the importance of which has been noticed by the legislator or insurance practice. The book examines these issues horizontally and vertically from various standpoints, focusing on insurance as a means of managing environmental risks. In this regard, it mainly concentrates on (1) identifying and analyzing environmental risks and methods for managing them via private and public instruments, and (2) insuring these risks. The book is intended for all those interested in the field of insurance and environmental risk regimes, including lawyers, academics and legal professionals.

Policy Issues in Insurance Environmental Risks and Insurance A Comparative Analysis of the Role of Insurance in the Management of Environment-Related Risks

Policy Issues in Insurance Environmental Risks and Insurance A Comparative Analysis of the Role of Insurance in the Management of Environment-Related Risks PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264105522
Category :
Languages : en
Pages : 92

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Book Description
This report focuses on the role of insurance and reinsurance companies in the management of environmental risks - environmental pollution risk and natural catastrophe risk in particular.

Insurance and Risk Management for Disruptions in Social, Economic and Environmental Systems

Insurance and Risk Management for Disruptions in Social, Economic and Environmental Systems PDF Author: Simon Grima
Publisher: Emerald Group Publishing
ISBN: 1801171394
Category : Business & Economics
Languages : en
Pages : 320

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Book Description
Insurance and Risk Management for Disruptions in Social, Economic and Environmental Systems is a collection of 13 chapters and studies about Insurance and Risk management in response to disruptions caused by social, economic, and environmental challenges to try and stabilize the economy in an effort to ensure sustainability.

Environmental Finance

Environmental Finance PDF Author: Rodney R. White
Publisher: John Wiley & Sons
ISBN: 0471447382
Category : Business & Economics
Languages : en
Pages : 384

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Book Description
An engaging and comprehensive look at the intersection of financial innovation and the environment This unique book provides readers with a comprehensive look at the new markets being created to help companies manage environmental risks, including weather derivatives, catastrophe bonds, and emission trading permits. Filled with real-world case studies and timely advice, Environmental Finance contains corporate strategies that financial service professionals as well as their clients must understand in order to proactively improve a company's environmental performance.

Managing Environmental Risk

Managing Environmental Risk PDF Author: Jennifer L. Machlin
Publisher: C. Boardman
ISBN:
Category : Environmental permits
Languages : en
Pages : 1706

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Book Description
Designed to assist any party concerned with minimizing or avoiding environmental liability, this looseleaf treatise provides the major federal satutues that impose liability for cleanup of hazardous waste and substances, and discussion of avoiding liability when purchasing property, requesting soil and/or groundwater tests before purchase, and many other topics.

Assessment and Management of Environmental Risks

Assessment and Management of Environmental Risks PDF Author: Igor Linkov
Publisher: Springer Science & Business Media
ISBN: 9401009872
Category : Technology & Engineering
Languages : en
Pages : 440

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Book Description
Managing environmental contamination requires decision makers to weigh eXlstmg risks against the potential effects of implementing environmental policies - considering both the benefits and disruptions that may result from different actions. The NATO Advanced Research Workshop in Lisbon was an important step in the development and application of cost efficient methods of risk assessment especiaIly within the constraints of a budget. The goal of the workshop was to evaluate the potential for risk assessment to serve as a unified and unifying technique in addressing a wide range of environmental problems. Papers presented in this book discuss issues ranging from specific and local studies (specific site, ecosystem, pollutant) to global decision and management frameworks (watersheds, regions, integration of multiple poIlutants and stressors); they develop a range of approaches starting from specific methods to widely applied public policies (Figure 1). The papers show that the use of risk assessment can provide the scientific basis for environmentaIly sound and cost-efficient policies, strategies, and solutions to our environmental chaIlenges. The organization of the Proceedings reflects sessions and discussions during the workshop. The papers in the introductory Chapter summarize the positions of Drs. Glenn Suter (EPA) and Jim Wilson (Resources for the Future) regarding whether the use of often-expensive risk assessments in developing countries can be justified, given evolving regulatory institutions and limited resources.

Environmental Liability Insurance

Environmental Liability Insurance PDF Author: Nicholas Lockett
Publisher: Cameron May, Limited
ISBN: 9781874698654
Category : Environmental law
Languages : en
Pages : 267

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Book Description
Environmental liability issues will dominate the insurance market as we move into the next century. As the problem of historic pollution moves into the forefront of public consciousness, the insurance industry will increasingly be targeted as the main contributor to clean-up costs and there are enormous liabilities stored up under old policies which underwriters and insurers will seek to avoid. Inevitably insurance cover under current policies will be restricted and new policies will emerge. This book looks at the old policies and their attached liabilities and at the new risk-transfer mechanisms available. It provides: a comprehensive analysis of the issues which the insurance industry had to address and those which it will have to address in the future; the legal stumbling blocks which plague the field of environmental insurance, such as triggerage issues, exclusion clauses, historic liability, policy limitations, criminal liability and defence costs, issues affecting underwriters, and at how companies should protect their insurance positions; how old insurance policies can be made to cover historic pollution liability and how to best manage existing environmental risk and the steps that companies should be taking now. This book is essential reading for all barristers, solicitors, insurers, reinsurers, local authorities, lawyers and planners, company directors, in-house offices, lawyers, developers and environmental consultants concerned with environmental liability.

Corporate Survival

Corporate Survival PDF Author: Dan R. Anderson
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 446

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Book Description
Corporate Survival: The Critical Importance of Sustainability Risk Management thoroughly examines the rising sustainability risks that affect thriving businesses, the environment, various societies, people in foreign lands, and our children. Author Dan Anderson, a professor of risk management and insurance, has been observing sustainability risk management issues for his entire career. In Corporate Survival he presents guidelines for various professionals in the risk management and insurance industries. In his view, corporations need to establish sound sustainability risk management systems in order to survive potentially major financial and professional damages. These damages can arise from liability suits, customer boycotts, shareholder actions, new regulations, and international pressures. Anderson provides well-timed direction for establishing risk management systems, as well as numerous examples of how companies successfully employ sustainability risk management strategies. He also demonstrates the advantages of following his advice for corporate survival, including reducing sustainability risk costs, improving competitive advantage, attracting both reliable customers and productive employees, augmenting the firm's reputation and community image, and increasing profits. Corporate Survival will help all corporations and those in the fields of risk management and insurance improve business systems while enhancing environmental quality and social justice conditions.