Given the serious problems that the NAS said may occur as thousands of new genetically modified foods are introduced into the U.S. food supply without labels, naturally one wonders about liability insurance for the biotech industry. A lot depends on whether consensus can be reached on the relevant loss scenarios in a dialogue involving the genetic engineering industry, society, and the insurance industry. This will make genetic engineering risks more calculable and more interesting to traditional insurance models. Today we must assume that the one-sided acceptance of incalculable risks means that any participants in this insurance market run the risk not only of suffering heavy losses, but also of losing control over their exposure. A series of lawsuits against private firms or government agencies would get the insurance industry's attention.
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