CATASTROPHIC EVENTS LEADING TO DE FACTO LIMITS ON LIABILITY

This study conducts an overview of large technological systems in society to ascertain prevalence, if any, of situations that can lead to catastrophic effects where the resultant liabilities far exceed the insurances or assets subject to suit in court, thereby imposing de facto limits on liability. Several potential situations are examined: dam rupture, aircraft crash into a sports stadium, chemical plant accident, shipping disaster, and a toxic drug disaster. All of these events are estimated to have probabilities per year similar to or larger than a major nuclear accident and they are found to involve potential liability far exceeding the available resources, such as insurance, corporation assets, or government revenues.

  • Supplemental Notes:
    • See also PB-261 842.
  • Corporate Authors:

    University of California, Los Angeles

    Chemical, Nuclear and Thermal Engineering Department
    Los Angeles, CA  USA  90024

    National Science Foundation

    Research Applied to National Needs
    Washington, DC  USA  20550
  • Authors:
    • Solomon, K A
    • Okrent, D
  • Publication Date: 1977-5

Media Info

  • Pagination: 37 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00168776
  • Record Type: Publication
  • Source Agency: National Technical Information Service
  • Report/Paper Numbers: UCLA-ENG-7732, NSF/RA-770131
  • Contract Numbers: NSF-OEP75-20318
  • Files: TRIS
  • Created Date: Dec 27 1978 12:00AM