Title: Environmental risk management through insurance and finance
Authors: Richard Turrin
Addresses: Paribas Capital Markets, Banque Paribas, 33 Wigmore Street, London WIH OBN, UK
Abstract: Environmental insurance coverage, and hybrid products combining insurance and finance, offer a tremendous opportunity to reduce potential long term liability for environmental damages. These products offer a disciplined structure to manage environmental risks, and in certain cases may be used as a vehicle to finance environmental clean ups. Most importantly, they are a tool in the risk management process which allows environmental risk, that cannot be eliminated, to be transferred to an insurer or to a facility which allows for the management of an eventual cash flow.
Keywords: risk management; environmental risks; finance; insurance; liability; environmental damage; environmental cleanup.
DOI: 10.1504/IJGEI.1998.063302
International Journal of Global Energy Issues, 1998 Vol.10 No.2/3/4, pp.228 - 237
Published online: 09 Jul 2014 *
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