000 04378nam a22005057a 4500
001 sulb-eb0024084
003 BD-SySUS
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007 cr nn 008mamaa
008 121227s2013 gw | s |||| 0|eng d
020 _a9783642324338
_9978-3-642-32433-8
024 7 _a10.1007/978-3-642-32433-8
_2doi
050 4 _aKZA1002-5205
050 4 _aKZD1002-6715
072 7 _aLBB
_2bicssc
072 7 _aLAW051000
_2bisacsh
082 0 4 _a341.4
_223
082 0 4 _a341
_223
100 1 _aNyampong, Yaw Otu Mankata.
_eauthor.
245 1 0 _aInsuring the Air Transport Industry Against Aviation War and Terrorism Risks and Allied Perils
_h[electronic resource] :
_bIssues and Options in a Post-September 11, 2001 Environment /
_cby Yaw Otu Mankata Nyampong.
264 1 _aBerlin, Heidelberg :
_bSpringer Berlin Heidelberg :
_bImprint: Springer,
_c2013.
300 _aXX, 324 p.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aIntroduction -- The Insurance of Aviation Risks by the Conventional Insurance Markets -- The Insurance of Aviation War and Terrorism Risks by Specialist War Insurance Markets -- Catastrophic Risks and Reflexes: Some Theoretical Perspectives on the use of Insurance as a Risk Management Tool for Large Catastrophic Risks -- Enhancing the Insurance of Aviation War and Terrorism Risks through the use of Alternative Risk Transfer and Risk Financing Mechanisms -- The Insurability of Aviation War and Terrorism Risks under ICAO’s Unlawful Interference Convention of 2009 -- Governmental Involvement in the Insurance of Aviation War and Terrorism Risks -- Findings and Conclusions – Towards Sustainable Insurance of Aviation War and Terrorism Risks -- Appendix.
520 _aThis book explores the central problems underlying the insurance of aviation war and terrorism risks and associated perils. It critically analyses the reasons why conventional insurance markets are unwilling or unable to provide sustainable insurance coverage for aviation war and terrorism risks in the aftermath of catastrophic events such as the terrorist events of September 11, 2001. It also examines some of the prominent concepts proposed and/or implemented after 9/11 to determine whether and to what extent these concepts avoid identified pitfalls. Like many of life’s essentials, the importance of insurance is most evident when it is not available. The sheer scale and magnitude of the insurance losses that followed 9/11 caused conventional insurance markets (which hitherto had been offering generous insurance coverage for aviation war and terrorism risks to air transport operators for little or no premium) to withdraw coverage forthwith. The ensuing absence or insufficiency of commercial insurance coverage for aviation war and terrorism risks has sparked a global search for viable and sustainable alternatives. Ten years have since elapsed, and despite numerous efforts, the fundamental problems remain unresolved. The book proceeds on the premise that the underlying issues are not entirely legal in nature; they have immense economic, psychological and policy implications that cannot be underestimated. A multidisciplinary approach is therefore used in examining the issues, drawing heavily upon analytical principles adapted from law and economics and behavioural law and economics. It is hoped that the resulting study will be beneficial not only to lawyers and those interested in aviation insurance but also to economists, air transport insurance program managers, capital market investors and governmental policymakers, both at the national and international levels.
650 0 _aLaw.
650 0 _aInsurance.
650 0 _aInternational law.
650 0 _aTrade.
650 0 _aLaw of the sea.
650 1 4 _aLaw.
650 2 4 _aLaw of the Sea, Air and Outer Space.
650 2 4 _aInternational Economic Law, Trade Law.
650 2 4 _aInsurance.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783642324321
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-642-32433-8
912 _aZDB-2-SHU
942 _2Dewey Decimal Classification
_ceBooks
999 _c46176
_d46176