Europe witnessed in the last years a number of significant power contingencies. Some of them revealed the potentiality of vast impact on the welfare of society and triggered pressing questions on the reliability of electric power systems. Society has incorporated electricity as an inherent component, indispensable for achieving the expected level of quality of life. Therefore, any impingement on the continuity of the electricity service would be able to distress society as a whole, affecting individuals, social and economic activities, other infrastructures and essential government functions. It would be possible to hypothesize that in extreme situations this could even upset national security.
This book explores the potential risks and vulnerabilities of the European electricity infrastructure, other infrastructures and our society as whole increasingly depend on. The work was initiated by the need to verify the potential effects of the ongoing market and technical transformation of the infrastructure, which is fundamentally changing its operation and performance. The final aim is to set the basis for an appropriate industrial and political European-wide response to the risk challenges.
This 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.
Written by an experienced risk manager, this innovative new book explores the core concepts of risk management, including in-depth coverage of its scope, rationale, and practical applications. In addition to being fundamentally important to risk managers, this text will also be invaluable to senior executives, directors, regulators, and capital markets professionals. Students, lay readers, and others interested in finance will find a vast subject made engaging and accessible. Written with unusual clarity, The Shape of Risk makes use of graphics, case studies, and questions. The author encourages readers to develop their own intuition and judgment for identifying and managing risk. This is an excellent starting point for a new generation of readers who increasingly need a both practical and conceptual understanding of risk management.
Education policy is a core element of the state's sovereignty and autonomy. This book analyzes the rise of the western education state and its limits in times of transition from western to non-western globalization and of waning newspaper interest in France, Germany, the UK and the US.
A descriptive account based on the field of health risk assessment has been presented in this elaborative book. It consists of a compilation of various health risk assessments for existing and rising hazards spanning a continuum. Psychoactive drug usage in drivers of delivery trucks and using look-back risk evaluation for accidental syringe re-use in healthcare settings are some of the case studies on existing risks covered in this book. Case studies regarding rising risks include precautionary actions to protect blood supplies; deposition of nanoparticles in the lung; and the epistemic issues related to genetically enhanced organism risk evaluations. The book also highlights progressing health risk assessment analysis through a post-genomics lens and elucidates the case studies on personalized genomics, advancing in silico models for risk evaluation and novel data analyses.
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