Research On The Environmental Liability Insurance System Of Brownfield Redevelopment Of Our Country

Brownfield Redevelopment is the requirement of the sustainable development of thecity. There are existed environment and non-environment obstacles in Brownfieldredevelopment. These obstacles are complex, serious and uncertain. Traditional strategy ofBrownfield redevelopment leading by the government have defects, promoted with theenvironmental tort damages socialization, environmental management means ofmercerization and the theory of corporate environmental responsibility, environmentalliability insurance system becomes the new strategy of Brownfield redevelopment. Due tothe particularity of Brownfield redevelopment, involving government, developers,controller and insurance institutions and so on. Compared with general environmentalliability insurance the environmental liability insurance system as a system is moreflexibility, the insurance coverage is also very different.After a long-term development, America’s practice and legislation of Brownfieldredevelopment and environmental liability insurance has perfect system. Along with thedevelopment of capital market and insurance industry, the insurance way of theenvironmental liability insurance system of Brownfield redevelopment transform from acompulsory to any risk. Insurance contains the rich risk and complicated policy elements,variety of insurance institutions and reasonable insurance aging. In addition, as aBrownfield redevelopment subsidy tool, the environmental liability insurance system ofBrownfield redevelopment strengthen the interaction with capital market, and promote theconstruction loans, mortgages, loans and securitization.Our practice and legislation of Brownfield redevelopment and environmentalliability insurance at the initial stage, but the environmental liability insurance system ofBrownfield redevelopment is feasibility and necessity. The legislation is the foundation ofthe environmental liability insurance system of Brownfield redevelopment in our country. Then take compulsory insurance way, and specific attention to insurance coverage,insurance, insurance, insurance agency, insurance limit in system design. AndBrownfield’s value evaluation system, risk assessment system and market incentivemechanism as well as other supporting facilities are needed.