In this paper, some particularities of environmental insurance are addressed. First, the paper summarizes the general conditions of insurability. Then, it is explained why insuring environmental liability may be difficult. Specifically, the necessity of an adequate risk differentiation may be...

In the last decade one can identify several accidents which can be classified as large scale accidents of a catastrophic dimension. After such a catastrophe the compensation of victims is of crucial importance and governments often intervene in this compensation. However, the organization of...

Although the insurance industry demonstrates a growing concern about the severe rise in losses from natural disasters, only about one third of all potential victims have in fact purchased first-party catastrophe insurance. Although first-party insurance has several advantages, we find that there...