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Risky Business: Insurance Companies in Global Warming Politics

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  • Matthew Paterson

Abstract

The paper describes and analyzes the responses of insurance companies to global climate politics. It shows how these responses failed to live up to the initial optimism of environmentalists and commentators about the potential of the involvement of insurers in climate politics. It then attempts to explain why insurers have disappointed environmentalist expectation. It shows that part of this is due to constraints and opportunities within the insurance business itself. But it then shows how much of the reason is to do with a simplistic understanding by environmentalists of the power of insurers. Examining the political-economic contexts in which insurance companies operate provides a clearer picture as to the limits to the role insurers can play in mitigating global warming. Copyright (c) 2001 Massachusetts Institute of Technology.

Suggested Citation

  • Matthew Paterson, 2001. "Risky Business: Insurance Companies in Global Warming Politics," Global Environmental Politics, MIT Press, vol. 1(4), pages 18-42, November.
    • Handle: RePEc:tpr:glenvp:v:1:y:2001:i:4:p:18-42
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    Cited by:

    1. Peter Newell, 2020. "The business of rapid transition," Wiley Interdisciplinary Reviews: Climate Change, John Wiley & Sons, vol. 11(6), November.
    2. Dimmelmeier, Andreas, 2021. "Sustainable Finance as a Contested Concept: Tracing the Evolution of Five Frames Between 1998 and 2018," SocArXiv 7jhgp, Center for Open Science.
    3. Leigh Johnson, 2015. "Catastrophic fixes: cyclical devaluation and accumulation through climate change impacts," Environment and Planning A, , vol. 47(12), pages 2503-2521, December.
    4. Adam G. Bumpus & Diana M. Liverman, 2008. "Accumulation by Decarbonization and the Governance of Carbon Offsets," Economic Geography, Clark University, vol. 84(2), pages 127-155, April.
    5. Jason Thistlethwaite & Matthew Paterson, 2016. "Private governance and accounting for sustainability networks," Environment and Planning C, , vol. 34(7), pages 1197-1221, November.
    6. Peter Dauvergne & Jennifer Clapp, 2016. "Researching Global Environmental Politics in the 21st Century," Global Environmental Politics, MIT Press, vol. 16(1), pages 1-12, February.

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