Mon, 31 May 2004

Insurance industry warned of nanotechnology risks

I'm thinking this may be a good way to address a lot of other "problems" with technology. Like, for instance, GM foods and plants. How does one begin to measure the risk inherent insuch things?

A major reinsurance company has advised insurance companies that they may need to reconsider covering products manufactured using nanotechnology until more is known about any possible side effects of the technology. 'As a major risk carrier, the insurance industry can only responsibly support the introduction of a new technology if it can evaluate and calculate its inherent risks,' says Swiss Re. 'A risk needs to be identified before its consequences can be measured and a decision can be reached on the optimal risk management approach.'

(link) [Science Blog]

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