LEADER 05083nam 22006615 450 001 9910438240203321 005 20200919170904.0 010 $a1-283-94599-1 010 $a3-642-32433-9 024 7 $a10.1007/978-3-642-32433-8 035 $a(CKB)2670000000317349 035 $a(EBL)1082547 035 $a(OCoLC)823388549 035 $a(SSID)ssj0000879112 035 $a(PQKBManifestationID)11461432 035 $a(PQKBTitleCode)TC0000879112 035 $a(PQKBWorkID)10851152 035 $a(PQKB)11147183 035 $a(DE-He213)978-3-642-32433-8 035 $a(MiAaPQ)EBC1082547 035 $a(PPN)168321793 035 $a(EXLCZ)992670000000317349 100 $a20121227d2013 u| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aInsuring the Air Transport Industry Against Aviation War and Terrorism Risks and Allied Perils $eIssues and Options in a Post-September 11, 2001 Environment /$fby Yaw Otu Mankata Nyampong 205 $a1st ed. 2013. 210 1$aBerlin, Heidelberg :$cSpringer Berlin Heidelberg :$cImprint: Springer,$d2013. 215 $a1 online resource (338 p.) 300 $aDescription based upon print version of record. 311 $a3-642-44511-X 311 $a3-642-32432-0 320 $aIncludes bibliographical references and index. 327 $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. 330 $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. 606 $aLaw of the sea 606 $aInternational law 606 $aTrade 606 $aInsurance 606 $aLaw of the Sea, Air and Outer Space$3https://scigraph.springernature.com/ontologies/product-market-codes/R19060 606 $aInternational Economic Law, Trade Law$3https://scigraph.springernature.com/ontologies/product-market-codes/R19050 606 $aInsurance$3https://scigraph.springernature.com/ontologies/product-market-codes/626030 615 0$aLaw of the sea. 615 0$aInternational law. 615 0$aTrade. 615 0$aInsurance. 615 14$aLaw of the Sea, Air and Outer Space. 615 24$aInternational Economic Law, Trade Law. 615 24$aInsurance. 676 $a368.093 700 $aNyampong$b Yaw Otu Mankata$4aut$4http://id.loc.gov/vocabulary/relators/aut$01059125 906 $aBOOK 912 $a9910438240203321 996 $aInsuring the Air Transport Industry Against Aviation War and Terrorism Risks and Allied Perils$92504225 997 $aUNINA