Editors’ Introduction.- One: Historical Background.- 1. From Seveso to Mexico and Bhopal: Learning to Cope with Crises.- 2. Engineering Aspects of Severe Accidents, with Reference to the Seveso, Mexico City, and Bhopal Cases.- 3. The Seveso Accident and Its Aftermath.- 4. Compensation for Exceptional Environmental Damage Caused by Industrial Activities.- Two: Problem Context.- 5. Insurance and Compensation as Policy Instruments for Hazardous Waste Management.- 6. Bargaining and Negotiation in Hazardous Material Management.- 7. Rethinking the Siting of Hazardous Waste Facilities.- Three: Risk Analysis.- 8. The Inexact Science of Chemical Hazard Risk Assessment: A Description and Critical Evaluation of Available Methods.- 9. Methods of Risk Analysis.- 10. Informing and Educating the Public about Risk.- 11. Value Tree Analysis: An Introduction and an Application to Offshore Oil Drilling.- Four: Risk Management and Insurance.- 12. Regulating Environmental Risks: A Comparative Perspective.- 13. Chemical Industry Hazards: Liability, Insurance, and the Role of Risk Analysis.- 14. Practical Aspects of Environmental Impairment Liability.- 15. Recent Developments Concerning the Legal Regime and Insurance Problems Related to the Transportation of Hazardous Materials by Sea.- 16. Insuring Environmental Liabilities.- 17. The Role of Insurance in Risk Spreading and Risk Bearing.- EPILOGUE: From Seveso to Bhopal and Beyond.- List of Participants.