Insuring against environmental risk
Language: English Series: Environment Information Bulletin ; (158) May 2006, 8-10(3)Publication details: 2006Subject(s): Summary: Looks at how UK businesses and the insurance market are coping with the uncertainties surrounding the introduction of the environmental liability directive (Directive 2004/35/CE) which will become part of national law in 2007. Discusses raising awareness of the approaching changes, the additional environmental liabilities and the need to extend environmental insurance. Describes the uncertainty over the final shape of the directive in the UK and insurers' lack of experience and information in being able to quantify natural resource damage. The insurance market will have to develop a new range of insurance products in this field. Recommends that companies view insurance as only one element of their environmental risk strategy. Fact boxes summarise the key features of the directive and the main types of environmental insurance.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L133373 (Browse shelf(Opens below)) | 1 | Available | 133373-1001 |
Looks at how UK businesses and the insurance market are coping with the uncertainties surrounding the introduction of the environmental liability directive (Directive 2004/35/CE) which will become part of national law in 2007. Discusses raising awareness of the approaching changes, the additional environmental liabilities and the need to extend environmental insurance. Describes the uncertainty over the final shape of the directive in the UK and insurers' lack of experience and information in being able to quantify natural resource damage. The insurance market will have to develop a new range of insurance products in this field. Recommends that companies view insurance as only one element of their environmental risk strategy. Fact boxes summarise the key features of the directive and the main types of environmental insurance.