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.

Environmental Risk and Insurance

Environmental Risk and Insurance PDF Author: Chester A. Zagaski
Publisher: CRC Press
ISBN: 9780873713320
Category : Technology & Engineering
Languages : en
Pages : 682

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Book Description
This is the only comprehensive text on the increasingly important subject of environmental risk and insurance. The author presents many risk and insurance issues from acid rain and global warming to toxic tort law developments and the crisis with workers' compensation insurance and pollution liability coverage. This volume is the product of nearly eight years of research, which included reviewing over 250,000 pages of laws, documents, reports, and notes, as well as countless hours of investigations, interviews, and research. Basic and advanced environmental liability and insurance principles are covered, along with suggestions for financing pollution cleanups and safety programs. A new method for restructuring and improving Superfund is presented after an in-depth discussion of pertinent legal and financial issues. The book also provides local, national, and international case histories demonstrating the kinds of difficulties encountered by businesses and citizens and the solutions they have sought. All of this information, combined with the valuable charts, appendices, specimens, contracts, sample insurance policies, model letters, and certificates, makes Environmental Risk and Insurance an unmatched reference source for businesses, institutions, and government agencies caught up in the midst of analyzing their environmental risk exposures.

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 Risk Planning and Management

Environmental Risk Planning and Management PDF Author: Simon Gerrard
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 648

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Book Description
Reprints 42 articles with diverse perspectives on the management of environmental risks to human health and ecology. The six sections review definitions, risk assessment, risk perception and communication, corporate environmental risk, siting hazardous facilities, and competing risk management issues. Topics include the social amplification and attenuation of risk, risk assessment in the regulatory process for wetlands, completing and correcting mental models of hazardous processes, industry response to SARA Title III, the discourses of climate change, and environmental priority setting through comparative risk assessment. No subject index. c. Book News Inc.

Managing Extreme Climate Change Risks through Insurance

Managing Extreme Climate Change Risks through Insurance PDF Author: W. J. Wouter Botzen
Publisher: Cambridge University Press
ISBN: 9781316600887
Category : Business & Economics
Languages : en
Pages : 454

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Book Description
In recent years, the damage caused by natural disasters has increased worldwide; this trend will only continue with the impact of climate change. Despite this, the role for the most common mechanism for managing risk - insurance - has received little attention. This book considers the contribution that insurance arrangements can make to society's management of the risks of natural hazards in a changing climate. It also looks at the potential impacts of climate change on the insurance sector, and insurers' responses to climate change. The author combines theory with evidence from the rich experiences of the Netherlands together with examples from around the world. He recognises the role of the individual in preparing for disasters, as well as the difficulties individuals have in understanding and dealing with infrequent risks. Written in plain language, this book will appeal to researchers and policy-makers alike.