Elgar Encyclopedia of Environmental Law
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Elgar Encyclopedia of Environmental Law

Edited by Michael Faure

The Elgar Encyclopedia of Environmental Law is a landmark reference work, providing definitive and comprehensive coverage of this dynamic field. The Encyclopedia is organised into 12 volumes around top-level subjects – such as water, energy and climate change – that reflect some of the most pressing issues facing us today. Each volume probes the key elements of law, the essential concepts, and the latest research through concise, structured entries written by international experts. Each entry includes an extensive bibliography as a starting point for further reading. The mix of authoritative commentary and insightful discussion will make this an essential tool for research and teaching, as well as a valuable resource for professionals and policymakers.

Encyclopedia

ISBN:
9781786436986
eISBN:
9781785369520
DOI:
https://doi.org/10.4337/9781785369520
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Chapter I.54: Insurance

Sean B Hecht and Jesse Lueders

Encyclopedia Chapter

Published in print:
Jun 2016
Category:
Encyclopedia Chapter
DOI:
https://doi.org/10.4337/9781783477616.I.54
Pages:
661–672
Copyright:
© The Editor and Contributors Severally 2015
Subjects: Environment, Law - Academic, Environmental Law

Abstract

This chapter provides a brief overview of the ways in which insurance interacts with climate change-related physical, legal and governance challenges, and identifies significant areas of ongoing and future research for scholars of law, policy and governance. Insurance can play a crucial role in addressing climate change’s causes and impacts. Insurance’s functions include, or can include, risk-spreading, compensation, facilitation of new technology, incentives for building resilience, and driving reductions in GHG emissions. In each of these areas, the role of insurance is under-theorized and ripe for new research. Scholars of law, policy and governance will continue to make contributions to help to understand the interactions between insurance and climate change, and to propose solutions to the challenges apparent in these areas.

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