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Titlebook: Managing Environmental Risk Through Insurance; Paul K. Freeman,Howard Kunreuther Book 1997 Springer Science+Business Media New York 1997 c

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Managing Risk Through Government Benefit Programspt some risks on behalf of its citizens. Taxes are the primary source of revenues to compensate those in need. In some cases, notably Social Security, revenues are at least partially provided by those who directly benefit from the program—the employees—supplemented by contributions from employers.
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Managing Risk through Insuranceleanup and compensation. This chapter discusses the potential role that insurance can play in managing societal risks. Section I provides an historical perspective on insurance and its use in reducing and controlling losses from risks such as fire. Section II examines the specific features of insura
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Introduction to Part II: Insuring Environmental Risks that, in the area of managing environmental risk specifically, public policy makers desire fewer government programs, not more. And, it identified that the legal system currently consumes more dollars for transaction costs than it provides for compensation of plaintiffs or for cleanup of contaminat
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The Insurability and Marketability of Riskketable. What makes a risk insurable and an insurance product marketable? Insurable means that an insurance company can set a premium that accurately reflects the applicable risk. Marketable means that there must be enough individuals or businesses willing to buy coverage for the risk at a premium t
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Insuring Other Types of Environmental Risked the performance of the resulting new insurance coverages. In this chapter, we examine insurability issues related to three other types of environmental risk, also tested in the market: (1) Property owner liability for environmentally contaminated property, (2) underground storage tanks, and (3) l
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special significance. For it was in this decade that television finally became a mass medium, in fact the principal means of social communication, in Germany. It attained its first full development in this late phase of cultural modernity in industrial societies, and became at the same time its mos
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