Overview

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.

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9783211838631

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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

.,. 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

Author Information

The authors: Prof. Dr. Michael G. Faure LL.M. (editor) and Mr. David Grimeaud, both Metro, University of Maastricht, Netherlands; Mr. James Boyd, Senior Fellow and Director, Energy and Natural Resources Division, Resources for the Future, Washington DC, USA; Mr. Christian Lahnstein, Munich Re Group, Germany

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