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Climate change and insurance

Author

Listed:
  • Collier, Stephen J.
  • Elliott, Rebecca
  • Lehtonen, Turo-kimmo

Abstract

This special collection examines insurance as an increasingly central mechanism in shaping how the effects of climate change are transforming local economies and ways of life. The papers study a range of exemplary cases, ranging from agricultural micro-insurance in development policy and regional sovereign risk facilities in the Caribbean to public and private insurance in the United States. This framing essay situates these papers in a longer tradition of scholarship on the government of risk and security. It also describes three themes that run through the papers: the economization of climate change; the moral economy of risk and responsibility; and the plasticity of insurance as an abstract technology that may be taken up in various governmental assemblages, in the name of various political projects.

Suggested Citation

  • Collier, Stephen J. & Elliott, Rebecca & Lehtonen, Turo-kimmo, 2021. "Climate change and insurance," LSE Research Online Documents on Economics 110452, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:110452
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    File URL: http://eprints.lse.ac.uk/110452/
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    References listed on IDEAS

    as
    1. Swenja Surminski & Laurens M. Bouwer & Joanne Linnerooth-Bayer, 2016. "How insurance can support climate resilience," Nature Climate Change, Nature, vol. 6(4), pages 333-334, April.
    2. Borscheid, Peter & Gugerli, David & Straumann, Tobias, 2013. "The Value of Risk: Swiss Re and the History of Reinsurance," OUP Catalogue, Oxford University Press, number 9780199689804 edited by James, Harold.
    3. Zac J. Taylor, 2020. "The real estate risk fix: Residential insurance-linked securitization in the Florida metropolis," Environment and Planning A, , vol. 52(6), pages 1131-1149, September.
    4. Chloe H. Lucas & Kate I. Booth, 2020. "Privatizing climate adaptation: How insurance weakens solidaristic and collective disaster recovery," Wiley Interdisciplinary Reviews: Climate Change, John Wiley & Sons, vol. 11(6), November.
    5. Turo-Kimmo Lehtonen & Jyri Liukko, 2011. "The Forms and Limits of Insurance Solidarity," Journal of Business Ethics, Springer, vol. 103(1), pages 33-44, April.
    6. Brett Christophers & Patrick Bigger & Leigh Johnson, 2020. "Stretching scales? Risk and sociality in climate finance," Environment and Planning A, , vol. 52(1), pages 88-110, February.
    7. Leigh Johnson, 2013. "Index Insurance and the Articulation of Risk-Bearing Subjects," Environment and Planning A, , vol. 45(11), pages 2663-2681, November.
    8. Stephen J. Collier, 2014. "Neoliberalism and Natural Disaster," Journal of Cultural Economy, Taylor & Francis Journals, vol. 7(3), pages 273-290, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    climate change; risk society; insurance;
    All these keywords.

    JEL classification:

    • F3 - International Economics - - International Finance
    • G3 - Financial Economics - - Corporate Finance and Governance

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    This paper has been announced in the following NEP Reports:

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