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EBOOK
Author Nyampong, Yaw Otu Mankata.
Title Insuring the air transport industry against aviation war and terrorism risks and allied perils : issues and options in a post-September 11, 2001 environment / by Yaw Otu Mankata Nyampong.
Imprint Berlin ; London : Springer, 2013.

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LOCATION CALL # STATUS MESSAGE
 OHIOLINK SPRINGER EBOOKS    ONLINE  
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Subject Aviation insurance.
Aviation insurance -- War risks.
Aviation insurance policies.
September 11 Terrorist Attacks, 2001 -- Economic aspects.
Description 1 online resource
Contents 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.
Bibliography Note Includes bibliographical references and index.
Summary This 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.
Access License restrictions may limit access.
Note Print version record.
ISBN 9783642324338 (electronic bk.)
3642324339 (electronic bk.)
9783642324321
3642324320
OCLC # 823514229
Additional Format Print version: Nyampong, Yaw Otu Mankata. Insuring the air transport industry against aviation war and terrorism risks and allied perils. Berlin ; London : Springer, 2012 9783642324321 (OCoLC)817268096