Insurance is one of several tools for addressing risk. In this volume, Paul K. Freeman and Howard Kunreuther demonstrate the comparative advantages of insurance for environmental risks relative to government benefit programs or to the imposition of involuntary liability using the court system. The authors analyze the nature of insurance, examine the insurability of conditions, and use concrete examples to show how insurance can provide protection.
Table of Contents
Preface. Part I: Managing Societal Risks. Introduction: Overview of the Problem. 1. Managing Risk through Government Benefit Programs. 2. Managing Risk through the Legal System. 3. Managing Risk through Insurance. Part II: Managing Environmental Risks. Introduction: Insuring Environmental Risks. 4. The Insurability and Marketability of Risk. 5. Insuring Asbestos Risk: Background and Identification of Risk. 6. Insuring Asbestos Risk: Insurability and Marketability Conditions. 7. Insuring Other Types of Environmental Risk. 8. Summary and Conclusions. Index.