Abstract
Risk is inherent in all human activities, both personal and professional. While the number and variety of risks have grown and changed dramatically throughout history, the basics remain the same-risk of loss of life, limb, health, livelihood, or property due to predictable events, e.g., reduced income upon reaching the mandatory retirement age, or to unpredictable events, e.g., loss of life in an automobile accident.
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Notes
For a more detailed discussion of the role that courts and administrative agencies can play in dealing with public risk, see Gillette, Clayton P. and James E. Krier, “Risks Courts, and Agencies,” University of Pennsylvania Law Review, 138, 1990, p. 1027.
This definition is similar to the one used by Abraham in his discussion of environmental liability. See Abraham, Kenneth S., “Environmental Liability and the Limits of Insurance,” Columbia Law Review, 88, 1988, p. 942.
A comprehensive discussion of the origins of the EPA is contained in Landy, Mark K., Marc J. Roberts, and Stephen R. Thomas, The Environmental Protection Agency: Asking the Wrong Questions, Oxford University Press, New York, 1990.
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© 1997 Springer Science+Business Media New York
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Freeman, P.K., Kunreuther, H. (1997). Introduction to Part I: Overview of the Problem. In: Managing Environmental Risk Through Insurance. Studies in Risk and Uncertainty, vol 9. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-5360-7_1
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DOI: https://doi.org/10.1007/978-94-011-5360-7_1
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-6253-4
Online ISBN: 978-94-011-5360-7
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