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At the General Assembly of the Geneva Association held 28-31 May 2008 in Hamilton, Bermuda, the CEOs of the world's leading insurance and reinsurance companies decided to launch a new research project on climate change and its economic impact on insurance (CC+I). This initiative reflects one of...
Persistent link: https://www.econbiz.de/10005871215
Insurers and banks are both suppliers of financial services and constitute together thebulk of the financial services industry. As such, they share certain common traits and,consequently, are often analyzed together. At the same time, they differ markedly in certainrespects, insurance and...
Persistent link: https://www.econbiz.de/10005871216
Leader's Statement of the G20 Pittsburgh Summit, What's Systemic Risk, Framework for Mitigating Systemic Risk, Japanese Safety-net for Deposit-taking Financial Institutions...
Persistent link: https://www.econbiz.de/10005871219
Financial crisis an insurance, Ten consequences for Risk Management and Supervision, Conclusion regarding an IGF...
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Three propositions: Insurance Companies can be systemic importance; Insurance companies should be subject to tougher regulation and supervision; Risks should be assessed on a group-wise basis...
Persistent link: https://www.econbiz.de/10005871232
Strict liabilities prevails at major accidents. According to the Polluter Pays Principle,l it is the liable party who pays for any damage. The accidents may be very large, however, compared to the assets of the liable plant owner. The liable party may, therefore, simply go bankrupt and leave the...
Persistent link: https://www.econbiz.de/10005871240
Extreme weather patterns are causing major damage on property and business and the question of who pays is becoming a serious issue. A law and economics point of view focuses on the problem that emitters of greenhouse gases externalize the true costs of their contribution to climate change...
Persistent link: https://www.econbiz.de/10005871241
Setting the scene; Ligitation strategies, Ligitation insurance, The European way for collective ligitation...
Persistent link: https://www.econbiz.de/10005871242