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dc.contributor.authorVan Fossen, Anthonyen_US
dc.date.accessioned2017-04-24T08:17:44Z
dc.date.available2017-04-24T08:17:44Z
dc.date.issued2002en_US
dc.date.modified2007-04-02T05:16:10Z
dc.identifier.issn09646639en_US
dc.identifier.urihttp://hdl.handle.net/10072/6512
dc.description.abstractRisk havens in offshore financial centres play an increasingly important role in capitalist risk management. They gain strength from cycles in the insurance industry (during hard markets) and from the mystified notion of a 'litigation explosion' that is used to reduce the rights of injured plaintiffs, particularly in times when insurers experience low income from investments. The captive insurance company (which has become the most prominent in Bermuda) and the asset protection trust (pioneered in the Cook Islands) have become important instruments through which the wealthy increase their own security and reduce the compensation that they pay for misfortunes that befall the general population. While risk havens promote laissez-faire, the article concludes that democratic socialism provides the most equitable and efficient solution to the problems of risk and insurance.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherSage Publications Ltd.en_US
dc.publisher.placeUnited Kingdomen_US
dc.publisher.urihttp://sls.sagepub.com/cgi/content/abstract/11/4/503en_AU
dc.relation.ispartofpagefrom503en_US
dc.relation.ispartofpageto521en_US
dc.relation.ispartofissue4en_US
dc.relation.ispartofjournalSocial and Legal Studies: an international journalen_US
dc.relation.ispartofvolume11en_US
dc.subject.fieldofresearchcode349901en_US
dc.subject.fieldofresearchcode370199en_US
dc.subject.fieldofresearchcode360105en_US
dc.titleRisk Havens:Offshore Financial Centres, Insurance Cycles, the 'Litigation Explosion' and a Social Democratic Alternativeen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyArts, Education & Law Group, School of Humanities, Languages and Social Sciencesen_US
gro.rights.copyrightCopyright 2002 Sage Publications. Reproduced in accordance with the copyright policy of the publisher. First published in Social & Legal Studies. This journal is available online: http://sls.sagepub.com/content/vol11/issue4/en_AU
gro.date.issued2002
gro.hasfulltextNo Full Text


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