On Environmental Liability Insurance

In modern society, economy development is often at the cost of sacrificing environment and wasting resources, which results in environmental damage that is wide harmful scope, serious consequences and extensive social influences.Thus Environmental liability insurance (ELI) is established in time that is in order to stop the serious consequences caused by environmental damage and protect the interest of each aspect.Environmental liability insurance is also called the "green insurance". It is a new type of liability insurance which is used on environment. ELI is established to mitigate, amortize and compensate the harms caused by the insured to the third party. It is established to raise the environmental awareness of the insured and to deal with natural disasters and unexpected accidents. It is established to protect the third party and the public interests.The abroad study of environment liability insurance covers the design of insurance kind, the mode of underwriting and the factors just like the adverse selection and the moral hazard which affects environment liability insurance. It is deserved the government of china to learn from.The thesis is five parts. The first is the preface which is to explain the reason of the selected title, meaning of research, and the abroad study of environment liability insurance. Chapter two analyses the theory of this kind of insurance and elaborates the capitalization of environmental ownership. Chapter three is the abroad practices such as the U.S.A, Germany and so on. Chapter four summarizes the definition of the environmental liability insurance, the characteristics of it. At last, By analyzing and comparing model of environmental liability insurance in other countries, we should establish environmental liability insurance that is in line with state of our country. In accordance with the current in our country, some suggestions are made in this paper.