Deterrence, Insurability, and Compensation in Environmental Liability

Beschreibung

The authors took the European Commission 2000 White Paper on Environmental Liability as the occasion for a critical analysis of the efficiency and insurability of various environmental liability regimes. Traditional insurance is examined, but also alternative arrangements for financial security, such as compensation funds. In addition, various case studies present the availability of financial or insurance coverage for natural resource damage. Combining economic insights with an analysis of the practice in various countries like Austria, Germany, Italy, Spain and the USA empirical evidence is provided for the way in which insurance and financial markets respond to environmental liability regulations. This is the first study discussing the criteria for insurability of environmental harm in a systematic manner, both from a legal and an economic/insurance perspective.

Autor*in

Michael Faure

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Schadenersatz Umweltschutz Versicherung environmental law insurance liability/tort law

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". this is a book that repays a reading by anyone with even a casual interest in issues of liability and insurance." Journal of Environmental Law 6/2004
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