Union Carbide's Bhopal Incident: A Retrospective

Michael J Fischer

Journal of Risk and Uncertainty, 1996, vol. 12, issue 2-3, 257-69

Abstract: This article examines the actual events of the Bhopal gas disaster as a prelude to considering the social treatment of catastrophic risks of this variety. In the context of the conference, Bhopal is held out to be symbolic of man-made catastrophes having sudden impact and is therefore the contrasting episode to an examination of the symbolic episode for gradual man-made catastrophes, asbestos liability. Bhopal is then connected to the circumstances which created a shortage of commercial catastrophe liability insurance in the 1980s. Its influence on the restructuring of the market is then discussed. A commentary on the buying habits of large industrial corporations is also included. Copyright 1996 by Kluwer Academic Publishers

Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:kap:jrisku:v:12:y:1996:i:2-3:p:257-69

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