Can We Insure against Tsunamis?

Countries have accumulated large reserves in order to insure against shocks.

But a quarter of my brain wonders how investors should attempt to insure against the lowest tail of the economic political distribution, and that quarter of my brain cannot see which way somebody hoping to insure against that risk should jump.

Economy, Insure Thyself

This likely outcome mirrors the initiative for a European or global banking fund to insure against the next financial crisis.

Asia s leaders must move to better insure their countries against the risk of economic dislocation that comes with de facto regional integration.

Chile s fiscal institutions insure a countercyclical budget.

The seed vault is an attempt to insure against the loss of seeds in other genebanks during large scale regional or global crises.

Claims against the personal wealth of shareholders would be blocked by the limited liability constraint.

To insure against the worst human and economic catastrophes, limits to political power must be introduced and a system of checks and balances maintained.

Retired people need life annuities contracts that offer a stable income stream for as long as they live to insure against the risk of outliving their wealth.

Liability insurance

The proposed crisis mechanism would effectively insure government bond purchasers against the risk of insolvency, but it would entail deductibles that compel bondholders to assume some of the investment risk.

Thailand in particular is leading the charge to insure against the vulnerabilities of the contagion that broke out in South East Asia and spread to other parts of the world.

They might even choose to self insure the emergency risk for their employees.

Yet, despite these failings, such policies retained enough popularity to insure their continuity.

Unlike banks, though, they do not pay the government to insure their investors.

Following the example of Mongolia, where pastoralists can purchase private insurance to protect against the loss of herds from drought, microcredit programs could be established to insure pastoralists against similar risks and thus provide funds for restocking after a disaster.

Liability of legal persons

Criminal liability of migrants

Liability of legal persons

Liability of the Tribunal

Financial liability of Members

J. Question of liability

Such liability is incurred without prejudice to the criminal liability of individuals having committed the offences.

Homeowners can rest assured that they can continue to insure their property at known rates.

(c) Corruption and criminal liability

(d) Liability of legal persons

If each nuclear power plant was obliged to insure against the risk that it imposes on society (within and outside the country of its location), it would face the true economic cost of its activities.

Anyone contemplating that prospect might choose to forego the wait to insure strategy and enroll immediately.

Many emerging markets preferred to self insure by accumulating reserves rather than borrow from the Fund.

Lynn Verinsky Because of liability insurance.

Requiring personal financial liability of staff

Liability for intentional or reckless behaviour

Their efforts to self insure, by, say, building up their foreign exchange reserves, perpetuate global economic imbalances.

A level of the government, no measure was introduced to insure and protect the HIV AIDS workingwoman.

3. Such liability shall be without prejudice to the criminal liability of the natural persons who have committed the offences.

3. Such liability shall be without prejudice to the criminal liability of the natural persons who have committed the offences.

(a) Obligations stipulated in Article 13 (1)(a) and (b) and liability arising from the breach thereof or limitation of that liability

Today, however, emerging countries increasingly prefer to self insure by accumulating reserves (and sharing them through regional pooling arrangements).

So, as we have faced liability, we have stepped back and back, and unfortunately, where there is liability, guess what there is power.

Vienna Convention on Civil Liability for Nuclear Damage

Article 31 regulates the liability of the shipper.

Such liability may be criminal, civil or administrative.

Comparative table on limitation levels of carrier liability