Managing Environmental Risk Through Insurance

Managing Environmental Risk Through Insurance
Author: Paul K. Freeman
Publisher: Springer Science & Business Media
Total Pages: 124
Release: 2012-12-06
Genre: Business & Economics
ISBN: 9401153604

Can insurance be used as a means to obtain compliance with environmental policy? Answering this question requires examination of a broad mosaic of academic issues, including current systems available for providing compensation and deterrence, use of contracts (including insurance) as substitutes for tort law, limitations of regulatory policy-making by government agencies, pre-conditions for creation of insurance products, and market mechanisms necessary for insurance to be purchased or sold. The purpose of Managing Environmental Risk Through Insurance is to highlight the potential role that insurance and performance standards can play in managing environmental risk. Insurance can play a significant role in dealing with one of the most problematic issues facing society today - how to compensate for environmental exposures. This book analyzes the ability of insurance to play a role in managing environmental risk. It begins by outlining the role insurance plays in society in contrast to other societal tools for addressing risk: government benefit programs and imposition of involuntary liability using the court system. By so doing, the book describes the comparative advantages of insurance. The book then analyzes the insurability of the risks. Finally, the book applies the insurability analysis to three concrete environmental examples.

Environmental Risk Management

Environmental Risk Management
Author: Paul Pritchard
Publisher: Earthscan
Total Pages: 126
Release: 2000
Genre: Business & Economics
ISBN: 9781853835988

First Published in 2000. Routledge is an imprint of Taylor & Francis, an informa company.

Environmental Hazards Methodologies for Risk Assessment and Management

Environmental Hazards Methodologies for Risk Assessment and Management
Author: Nicolas R. Dalezios
Publisher: IWA Publishing
Total Pages: 560
Release: 2017-02-15
Genre: Science
ISBN: 1780407122

From the beginning of 21st century, there has been an awareness of risk in the environment along with a growing concern for the continuing potential damage caused by hazards. In order to ensure environmental sustainability, a better understanding of natural disasters and their impacts is essential. It has been recognized that a holistic and integrated approach to environmental hazards needs to be attempted using common methodologies, such as risk analysis, which involves risk management and risk assessment. Indeed, risk management means reducing the threats posed by known hazards, whereas at the same time accepting unmanageable risks and maximizing any related benefits. The risk management framework involves evaluating the importance of a risk, either quantitatively or qualitatively. Risk assessment comprises three steps, namely risk identification (data base, event monitoring, statistical inference), risk estimation (magnitude, frequency, economic costs) and risk evaluation (cost-benefit analysis). Nevertheless, the risk management framework also includes a fourth step, risk governance, i.e. the need for a feedback of all the risk assessment undertakings. There is currently a lack of such feedback which constitutes a serious deficiency in the reduction of environmental hazards. This book emphasises methodological approaches and procedures of the three main components in the study of environmental hazards, namely forecasting - nowcasting (before), monitoring (during) and assessment (after), based on geoinformatic technologies and data and simulation through examples and case studies. These are considered within the risk management framework and, in particular, within the three components of risk assessment, namely risk identification, risk estimation and risk evaluation. This approach is a contemporary and innovative procedure and constitutes current research in the field of environmental hazards. Environmental Hazards Methodologies for Risk Assessment and Management covers hydrological hazards (floods, droughts, storms, hail, desertification), biophysical hazards (frost, heat waves, epidemics, forest fires), geological hazards (landslides, snow avalanches), tectonic hazards (earthquakes, volcanoes), and technological hazards. This book provides a text and a resource on environmental hazards for senior undergraduate students, graduate students on all courses related to environmental hazards and risk assessment and management. It is a valuable handbook for researchers and professionals of environmental science, environmental economics and management, and engineering. Editor: Nicolas R. Dalezios, University of Thessaly, Greece

Engineering Tools for Environmental Risk Management

Engineering Tools for Environmental Risk Management
Author: Katalin Gruiz
Publisher: CRC Press
Total Pages: 579
Release: 2015-04-27
Genre: Science
ISBN: 1315778777

Chemical substances, physical agents and built structures exhibit various types of hazard due to their inherent toxic, mutagenic, carcinogenic, reprotoxic and sensitizing character or damaging to the immune and hormone system. The first steps in managing an environment contaminated by chemical substances are characterization of hazards and quantifi

Environmental and Health Risk Assessment and Management

Environmental and Health Risk Assessment and Management
Author: Paolo Ricci
Publisher: Springer Science & Business Media
Total Pages: 494
Release: 2006-01-27
Genre: Medical
ISBN: 1402037767

This book is about the legal, economical, and practical assessment and management of risky activities arising from routine, catastrophic environmental and occupational exposures to hazardous agents. It includes a discussion of aspects of US and European Union law concerning risky activities, and then develops the economic analyses that are relevant to implementing choices within a supply and demand framework. The book also discusses exposure-response and time-series models used in assessing air and water pollution, as well as probabilistic cancer models, including toxicological compartmental, pharmaco-kinetic models and epidemiological relative risks and odds ratios-based models. Statistical methods to measure agreement, correlation and discordance are also developed. The methods and criteria of decision-analysis, including several measures of value of information (VOI) conclude the expositions. This book is an excellent text for students studying risk assessment and management.

Environmental Social Governance

Environmental Social Governance
Author: Karlheinz Spitz
Publisher: CRC Press
Total Pages: 296
Release: 2022-03-28
Genre: Business & Economics
ISBN: 100050686X

Increasingly, companies are being judged by their performance in terms of Environmental Social Governance (ESG). But exactly what does it mean, and what should be done about it? While much ambiguity exists, it is no longer sufficient to negotiate the environmental assessment process successfully. ESG is an ongoing process that spans the entire life cycle of a company and its operations. This book is aimed at business leaders – senior executives and company directors – and particularly those involved in the extractive industries and other ventures that significantly affect the environment and host communities. Guidance is provided on the major ESG issues that confront all business leaders. Strategies are provided to address ESG risk and to handle crises when they occur. QUESTIONS FOR BUSINESS LEADERS: Are you at all prepared for an environmental or social crisis event? How will you cope with the "unknown unknowns"? What do your shareholders expect you to do about climate change? Are your employees proud of the company’s ESG performance? How does your bank evaluate your biodiversity impacts?

Risks and Decisions for Conservation and Environmental Management

Risks and Decisions for Conservation and Environmental Management
Author: Mark Burgman
Publisher: Cambridge University Press
Total Pages: 516
Release: 2005-04-07
Genre: Business & Economics
ISBN: 9780521543019

This book outlines how to conduct a complete environmental risk assessment. The first part documents the psychology and philosophy of risk perception and assessment, introducing a taxonomy of uncertainty and the importance of context. It provides a critical examination of the use and abuse of expert judgement and goes on to outline approaches to hazard identification and subjective ranking that account for uncertainty and context. The second part of the book describes technical tools that can assist risk assessments to be transparent and internally consistent. These include interval arithmetic, ecotoxicological methods, logic trees and Monte Carlo simulation. These methods have an established place in risk assessments in many disciplines and their strengths and weaknesses are explored. The last part of the book outlines some new approaches, including p-bounds and information-gap theory, and describes how quantitative and subjective assessments can be used to make transparent decisions.

Environmental Hazards and Disasters

Environmental Hazards and Disasters
Author: Bimal Kanti Paul
Publisher: John Wiley & Sons
Total Pages: 337
Release: 2011-11-30
Genre: Nature
ISBN: 0470660015

Environmental Hazards and Disasters: Contexts, Perspectives and Management focuses on manifested threats to humans and their welfare as a result of natural disasters. The book uses an integrative approach to address socio-cultural, political and physical components of the disaster process. Human and social vulnerability as well as risk to environmental hazards are explored within the comprehensive context of diverse natural hazards and disasters. In addition to scientific explanations of disastrous occurrences, people and governments of hazard-prone countries often have their own interpretations for why natural disasters occur. In such interpretations they often either blame others, in order to conceal their inability to protect themselves, or they blame themselves, attributing the events to either real or imagined misdeeds. The book contains a chapter devoted to the neglected topic of such reactions and explanations. Includes chapters on key topics such as the application of GIS in hazard studies; resiliency; disasters and poverty; climate change and sustainability and development. This book is designed as a primary text for an interdisciplinary course on hazards for upper-level undergraduate and Graduate students. Although not targeted for an introductory hazards course, students in such a course may find it very useful as well. Additionally, emergency managers, planners, and both public and private organizations involved in disaster response, and mitigation could benefit from this book along with hazard researchers. It not only includes traditional and popular hazard topics (e.g., disaster cycles, disaster relief, and risk and vulnerability), it also includes neglected topics, such as the positive impacts of disasters, disaster myths and different accounts of disasters, and disasters and gender.

International Environmental Risk Management

International Environmental Risk Management
Author: John Voorhees
Publisher: CRC Press
Total Pages: 292
Release: 1997-10-27
Genre: Law
ISBN: 9781566702911

International Environmental Risk Management: ISO 14000 and the Systems Approach gives readers an extensive analysis of practical applications of ISO 14000 and environmental compliance management systems. It offers a mixture of technical engineering advice, legal guidance, and common-sense business acumen. The authors explain the essentials of the standards - how they are being developed and what implications they present - and then discuss cost-benefit analyses, integration strategies, business risk control measures, litigation avoidance and legal expense reduction, and step-by-step guidance on achieving third-party certification.

Sustainable Risk Management

Sustainable Risk Management
Author: Peter A. Wilderer
Publisher: Springer
Total Pages: 289
Release: 2017-12-21
Genre: Science
ISBN: 3319662333

Here, expert authors delineate approaches that can support both decision makers as well as their concerned populations in overcoming unwarranted fears and in elaborating policies based on scientific evidence. Four exemplary focus areas were chosen for in-depth review, namely:- The scientific basis of risk management- Risk management in the area of environmental and ecological policy- Risk management in radiation medicine- Risk management in context with digitalization and roboticsGeneral as well as specific recommendations are summarized in a memorandum. Fundamental thoughts on the topic are presented in the introductory part of the book. The idea for and contents of the book were developed at a workshop on “Sustainable Risk Management: How to manage risks in a sensible and responsible manner?” held in Feldafing at Lake Starnberg (Germany) on April 14 to 16, 2016. The book offers important information and advice for scientists, entrepreneurs, administrators and politicians.