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From the increasing incidence of environmental pollution and soil contamination, to recurring natural disasters, the risks posed by the constant interaction between human activities and the environment are diverse, manifold and often catastrophic in their consequences. Therefore, the elaboration of effective risk-management plans, aimed at formulating viable response strategies, requires the contribution of all the economic actors involved: private parties, financial institutions, governments and international organizations. This report focuses on the role of insurance and reinsurance companies in the management of environmental risks - environmental pollution risk and natural catastrophe risk in particular. It discusses the issue of insurability of such risks, analyses the increasing risk of liability for environmental pollution and the underlying trends in the development of environmental liability regimes in OECD countries. It also presents an overview of the various environmental pollution insurance products and techniques developed in response to legal and factual evolutions. In addition, it describes the special features of natural catastrophe risks, the role of traditional insurance markets in the coverage of such perils, and alternative options of coverage, from governmental disaster schemes to new financial market instruments.

Insurance, Pollution liability. --- Investments -- Environmental aspects. --- Investments. --- Liability for environmental damages. --- Liability for environmental damages --- Pollution liability insurance --- Law, Politics & Government --- Law, General & Comparative --- Environmental impairment liability insurance --- Environmental liability insurance --- Insurance, Pollution liability --- Liability insurance, Pollution --- Environmental damages, Liability for --- Insurance --- Environmental law --- Liability (Law) --- Torts --- Investing --- Investment management --- Portfolio --- Finance --- Disinvestment --- Loans --- Saving and investment --- Speculation

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Aansprakelijkheid voor schade aan het leefmilieu--Vezekering --- Assurance de responsabilité pour dommages à l'environnement --- Carbon dioxide --- Carbonic acid gas --- Carbonic anhydride --- Dioxyde [Kool] --- Dioxyde de carbone --- Dommages à l'environnement--Responsabilité--Assurance --- Environnement--Dommages--Responsabilité--Assurance --- Insurance [Pollution liability ] --- Kooldioxyde --- Leefmilieu--Schade--Aansprakelijkheid--Verzekering --- Pollution liability insurance --- Responsabilité pour dommages à l'environnement--Assurance --- Schade aan het leefmilieu--Aansprakelijkheid--Verzekering --- Verzekering van de aansprakelijkheid voor schade aan het leefmilieu --- Air --- Carbon dioxide. --- Pollution liability insurance. --- Pollution --- Economic aspects --- Economic aspects. --- United States --- Insurance, Pollution liability - United States. --- Insurance, Pollution liability. --- Air - Pollution - Economic aspects - United States. --- Air - Pollution - Economic aspects. --- Pollution liability insurance - United States --- Air - Pollution - Economic aspects - United States --- Air - Pollution - Economic aspects --- ENVIRONMENTAL ECONOMICS --- AIR POLLUTION --- INSURANCE --- POLLUTION LIABILITY --- CARBON DIOXIDE

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Oil tankers are not the only vessels that have caused oil pollution at sea. Numerous spills in the past have been of heavy fuel oil from non-tankers. However, the international liability and compensation regime covered only oil pollution damage caused by oil tankers. There was thus a need to bring the law on marine oil pollution responsive to oil pollution damage caused by non-tankers. In March 2001, the International Convention on Civil Liability for Bunker Oil Pollution Damage was adopted following a diplomatic conference at the International Maritime Organization. Though this convention has not yet come into force, its various aspects should already be considered as they will surely affect the maritime industry as a whole and the non-tanker sector, in particular. This book provides a timely and comprehensive study on the concept of compulsory insurance, its main purpose of ensuring compensation and its interrelations with other features such as the rule of strict liability and the limitation of liability under the convention.

Liability for oil pollution damages. --- Oil spills --- Oil pollution of the sea --- Oil storage tanks --- Pollution liability insurance. --- Law and legislation. --- Environmental aspects. --- Environmental impairment liability insurance --- Environmental liability insurance --- Insurance, Pollution liability --- Liability insurance, Pollution --- Liability for oil spill damages --- Oil pollution damages, Liability for --- Oil spill damages, Liability for --- Law. --- Private international law. --- Conflict of laws. --- International law. --- Comparative law. --- Public law. --- Private International Law, International & Foreign Law, Comparative Law. --- Public Law. --- Insurance --- Storage tanks --- Petroleum --- Environmental law --- Law of the sea --- Petroleum law and legislation --- Liability (Law) --- Liability for environmental damages --- Oil pollution of rivers, harbors, etc. --- Torts --- Storage --- Law and legislation --- Claims --- Private International Law, International & Foreign Law, Comparative Law . --- Law --- Public law . --- Choice of law --- Conflict of laws --- Intermunicipal law --- International law, Private --- International private law --- Private international law --- Legal polycentricity --- Civil law --- Liability for oil pollution damages --- Pollution liability insurance --- Environmental aspects