POLLUTION LIABILITY INSURANCE AND THE INTERNALIZATION OF ENVIRONMENTAL RISKS

Martin T. Katzman

Review of Policy Research, 1986, vol. 5, issue 3, 614-623

Abstract: This paper summarizes conceptual and empirical research on the effects of using private insurance as an instrument for regulating the risks of the chemical cycle. The paper reviews the following issues: (1) the institutional choices in regulation activities that may cause latent damage; (2) the insurability of pollution liabilities; and (3) the actual problems with using the pollution liability insurance market as a regulatory tool.

Date: 1986
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