Climate, Society and Elemental Insurance

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In this book, world-leading social scientists come together to provide original insights on the capacities and limitations of insurance in a changing world.

Climate change is fundamentally changing the ways we insure, and the ways we think about insurance. This book moves beyond traditional economics and financial understandings of insurance to address the social and geopolitical dimensions of this powerful and pervasive part of contemporary life. Insurance shapes material and social realities, and is shaped by them in turn. The contributing authors of this book show how insurance constitutes and is constituted through the traditional elements of earth, water, air, fire, and the novel element of big data. The applied and theoretical insights presented through this novel elemental approach reveal that insurance is more dynamic, multifaceted, and spatially variegated than commonly imagined.

This book is an authoritative source on the capacities and limitations of insurance. It is a go-to reference for researchers and students in the social sciences – particularly those with an interest in economics and finance, and how these intersect with geography, politics, and society. It is also relevant for those in the disaster, environmental, health, natural, and social sciences who are interested in the role of insurance in addressing risk, resilience, and adaptation.

The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

Author(s): Kate Booth, Chloe Lucas, Shaun French
Publisher: Routledge
Year: 2022

Language: English
Pages: 248
City: London

Cover
Half Title
Title Page
Copyright Page
Contents
List of Tables
List of Figures
List of Contributors
Acknowledgements
1. Introduction
SECTION I: Earth
2. Insurance and geoengineering: From the delusional to the terrestrial?
3. Indexing the soil
4. Renaturalising sovereignty: Ex-ante risk management in the Anthropocene
SECTION II: Water
5. Stopping the flow: The aspirational elimination of flood insurance cross-subsidies in the United States and the United Kingdom
6. After the flood: Diverse discourses of resilience in the United States and Australia
7. Flood insurance: A governance mechanism for supporting equitable risk reduction and adaptation?
SECTION III: Fire
8. Between absence and presence: Questioning the value of insurance for bushfire recovery
9. Is fire insurable? Insights from bushfires in Australia and wildfires in the United States
10. Fire insurance and the ‘sustainable building’: The environmental politics of urban fire governance
SECTION IV: Air
11. The relational urban geographies of re/insurance: Florida hurricane wind risk and the making of Singapore’s catastrophe finance hub
12. Emotions and under-insurance: Exploring reflexivity and relations with the insurance industry
13. Insure the volume? Sensing air, atmospheres, and radiation in the Chornobyl Exclusion Zone
SECTION V: Big data
14. The uncertain element: Personal data in behavioural insurance
15. Insurance, insurtech, and the architecture of the city
16. Conclusion: Deconstructing the dualisms of elemental insurance
Index