Managing environmental risk through insurance.

Includes references and index

Explains how insurance can be employed to cope with risks that, in the modern environment, otherwise typically are controlled through government regulation. Demonstrates the effectiveness of dealing with various risks through the mechanism of private insurance rather than direct government regulation, and explains the nature and mechanics of how this approach works. Begins with an overview of risk and attempts to manage it through government regulation, the legal system, and insurance. Then examines environmental risk management and the role of insurance, contrast insurance with other societal tools for addressing risk, and discusses government benefit programs and the imposition of involuntary liability through the court system