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Development Of Environmental Liability Risk Management And Insurance In The United States: Lessons And Opportunities

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  • Dan R. Anderson

Abstract

The United States has the most developed system of environmental laws and regulations in the world. Not surprisingly, its systems for managing and insuring environmental risks are also the most evolved. Lessons can be learned from examining systems in the United States, particularly their considerable problems. The purposes of this paper are (1) to examine the development of U.S. environmental liability risk management and insurance systems, and (2) to present potential opportunities in this area for risk financing groups and other countries.

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  • Dan R. Anderson, 1998. "Development Of Environmental Liability Risk Management And Insurance In The United States: Lessons And Opportunities," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 2(1), pages 1-23, July.
    • Handle: RePEc:bla:rmgtin:v:2:y:1998:i:1:p:1-23
    DOI: j.1540-6296.1998.tb00079.x
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    File URL: https://doi.org/10.1111/j.1540-6296.1998.tb00079.x
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    Cited by:

    1. Sandrine SPAETER, 2002. "Principe de precaution et comportements preventifs des firmes face aux risques environnementaux," Working Papers of BETA 2002-08, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    2. Henk Zandvoort, 2011. "Evaluation of Legal Liability for Technological Risks in View of Requirements for Peaceful Coexistence and Progress," Risk Analysis, John Wiley & Sons, vol. 31(6), pages 969-983, June.
    3. Schmitt, Andre & Spaeter, Sandrine, 2005. "Improving the prevention of environmental risks with convertible bonds," Journal of Environmental Economics and Management, Elsevier, vol. 50(3), pages 637-657, November.
    4. 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.
    5. Serge Garcia & Julien Jacob & Eve-Angéline Lambert, 2017. "Comparison of liability sharing rules for environmental damage: An experiment with different levels of solvency," Working Papers of BETA 2017-12, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    6. André SCHMITT & Sandrine SPAETER, 2005. "Hedging Strategies and the Financing of the 1992 International Oil Pollution Compensation Fund," Working Papers of BETA 2005-12, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    7. Schilizzi, Steven, 2000. "The economics of ethical behaviour and environmental management," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123729, Australian Agricultural and Resource Economics Society.
    8. André SCHMITT & Sandrine SPAETER, 2002. "Improving the Prevention of Environmental Risks with Convertible Bonds," Working Papers of BETA 2002-14, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.

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