Study On Environmental Liability Insurance

The increasingly serious pollution has destroyed our natural resources andhumans living surroundings, every country gave much attention on it, and establishstrict rules on the compensate brought by the pollution. The calamity that the accidentcauses is unusually enormous, victims are numerous;the frequency happeningindustrial technology defect, difficult in prevention, and the inflictor scarcely hasenough money to compensate. So, many countries adopt environmental insurance tomake the environmental liability indemnity duty of the business enterprise share withsociety. The environmental liability insurance is one of the effectual methods to solvethe compensations about environmental impairment. It can scatter about the risk,make the environmental indemnity duty of the business enterprise share with society,avoid the business enterprise bankruptcy foe a huge sum of compensation,at the sametime, give the victim relief quickly and effectively, so it can avert the turbulencecausing by the conflicts.In our country, more and more pollutions caused more and more damage, manycorporations can't endure the huge compensation, for instance, Jilin petroleum hadbeen bought because of the compensation in the Songhuajiang pollution in 2003. Thisthesis will demonstrate the causes of the development of the liabilities insurancesystem, the function, characteristics and introduce the developmental practice ofenvironmental liability insurance in the west developed countries. This paper thenanalyses the necessity and the methods of our country to establish environmentalliability insurance.