Managing Environmental Risk Through Insurance

  • Paul K. Freeman
  • Howard Kunreuther

Part of the Studies in Risk and Uncertainty book series (SIRU, volume 9)

Table of contents

  1. Front Matter
    Pages i-xii
  2. Managing Societal Risks

    1. Front Matter
      Pages 1-1
    2. Paul K. Freeman, Howard Kunreuther
      Pages 3-6
    3. Paul K. Freeman, Howard Kunreuther
      Pages 7-10
    4. Paul K. Freeman, Howard Kunreuther
      Pages 11-20
    5. Paul K. Freeman, Howard Kunreuther
      Pages 21-30
  3. Managing Environmental Risks

    1. Front Matter
      Pages 31-31
    2. Paul K. Freeman, Howard Kunreuther
      Pages 33-35
    3. Paul K. Freeman, Howard Kunreuther
      Pages 37-53
    4. Paul K. Freeman, Howard Kunreuther
      Pages 55-62
    5. Paul K. Freeman, Howard Kunreuther
      Pages 63-73
    6. Paul K. Freeman, Howard Kunreuther
      Pages 75-96
    7. Paul K. Freeman, Howard Kunreuther
      Pages 97-103
  4. Back Matter
    Pages 105-107

About this book

Introduction

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.

Keywords

compliance environment environmental policy research

Authors and affiliations

  • Paul K. Freeman
    • 1
  • Howard Kunreuther
    • 2
  1. 1.Eric Group, Inc.USA
  2. 2.University of PennsylvaniaUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-94-011-5360-7
  • Copyright Information Kluwer Academic Publishers 1997
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-010-6253-4
  • Online ISBN 978-94-011-5360-7
  • Series Print ISSN 0926-972X
  • About this book