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Pollution Liability Insurance And The Internalization Of Environmental Risks

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  • Martin T. Katzman

Abstract

This paper summarizes conceptual and empirical research on the effects of using private insurance as an instrument for regulating the risks of the chemical cycle. The paper reviews the following issues: (1) the institutional choices in regulation activities that may cause latent damage; (2) the insurability of pollution liabilities; and (3) the actual problems with using the pollution liability insurance market as a regulatory tool.

Suggested Citation

  • Martin T. Katzman, 1986. "Pollution Liability Insurance And The Internalization Of Environmental Risks," Review of Policy Research, Policy Studies Organization, vol. 5(3), pages 614-623, February.
    • Handle: RePEc:bla:revpol:v:5:y:1986:i:3:p:614-623
    DOI: 10.1111/j.1541-1338.1986.tb00435.x
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    Cited by:

    1. Shabman, Leonard A., 1990. "Environmental Hazards Of Farming: Thinking About The Management Challenge," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(1), pages 1-11, July.
    2. Jing Liu & Michael Faure, 2018. "Risk-sharing agreements to cover environmental damage: theory and practice," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 18(2), pages 255-273, April.

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