Insuring the Air Transport Industry Against Aviation War and Terrorism Risks and Allied Perils
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 cove
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Yaw Otu Mankata Nyampong
Insuring the Air Transport Industry Against Aviation War and Terrorism Risks and Allied Perils Issues and Options in a Post-September 11, 2001 Environment
Yaw Otu Mankata Nyampong Faculty of Law McGill University Montreal Que´bec Canada
ISBN 978-3-642-32432-1 ISBN 978-3-642-32433-8 (eBook) DOI 10.1007/978-3-642-32433-8 Springer Heidelberg New York Dordrecht London Library of Congress Control Number: 2012954862 # Springer-Verlag Berlin Heidelberg 2013 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Foreword
I am pleased to welcome the publication of this work by Dr. Nyampong, a colleague at the Institute of Air and Space Law at McGill University in Montreal. This work provides a careful and detailed analysis of the insurance implications of the tragic events of September 11, 2001, involving the terrorist attack on the World Trade Center in New York. It includes discussion of the history, structure and workings of the international insurance market which provides cover against the risks of aviation war and terrorism, the impact of the events of September 11, 2001 on the aviation war and terrorism insurance market, and the response on the part of the insurers of said risks to September 11, including the forms and limits of coverage
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