Insurance as Maladaptation: Resilience and the 'business as usual' paradoxCitation formats

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Insurance as Maladaptation: Resilience and the 'business as usual' paradox. / O'Hare, Paul A; White, Iain; Connelly, Angela.

In: Environment and Planning C: Government and Policy, 09.2015.

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O'Hare, Paul A ; White, Iain ; Connelly, Angela. / Insurance as Maladaptation: Resilience and the 'business as usual' paradox. In: Environment and Planning C: Government and Policy. 2015.

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@article{ac6977b852f04c9fa213466296b14220,
title = "Insurance as Maladaptation: Resilience and the 'business as usual' paradox",
abstract = "Insurance and compensation are cited as critical elements of resilience to natural and nonnatural hazards alike. As a strategy of risk management, it emphasises peace of mind, financial recompense and the swift restoration of a {\^a}€˜business as usual{\^a}€{\texttrademark} status for civil, social and commercial life. Yet despite the contribution of insurance to risk management, the synergies with progressive or adaptive articulations of resilience are not sufficiently explicated. This paper explores the fundamental contradictions of insurance as a form of resilience through a study of flood risk management. It demonstrates how insurance regimes serve to structurally embed risky behaviour and inhibit change after detrimental events. As such, transformative interpretations of resilience conflict with the long-standing principles and operational norms of insurance that privilege normality. The paper concludes that, despite its currency within resilience discourses, insurance is maladaptive and that insurance regimes reinforce exposure and vulnerability through underwriting a return to the {\^a}€˜status-quo{\^a}€{\texttrademark} rather than enabling adaptive behaviour.",
keywords = "Insurance, Resilience, Flood Risk Management, Climate Change",
author = "O'Hare, {Paul A} and Iain White and Angela Connelly",
year = "2015",
month = sep,
doi = "10.1177/0263774X15602022",
language = "English",
journal = "Environment & Planning C: Government & Policy",
issn = "1472-3425",
publisher = "Sage Publications Ltd",

}

RIS

TY - JOUR

T1 - Insurance as Maladaptation: Resilience and the 'business as usual' paradox

AU - O'Hare, Paul A

AU - White, Iain

AU - Connelly, Angela

PY - 2015/9

Y1 - 2015/9

N2 - Insurance and compensation are cited as critical elements of resilience to natural and nonnatural hazards alike. As a strategy of risk management, it emphasises peace of mind, financial recompense and the swift restoration of a ‘business as usual’ status for civil, social and commercial life. Yet despite the contribution of insurance to risk management, the synergies with progressive or adaptive articulations of resilience are not sufficiently explicated. This paper explores the fundamental contradictions of insurance as a form of resilience through a study of flood risk management. It demonstrates how insurance regimes serve to structurally embed risky behaviour and inhibit change after detrimental events. As such, transformative interpretations of resilience conflict with the long-standing principles and operational norms of insurance that privilege normality. The paper concludes that, despite its currency within resilience discourses, insurance is maladaptive and that insurance regimes reinforce exposure and vulnerability through underwriting a return to the ‘status-quo’ rather than enabling adaptive behaviour.

AB - Insurance and compensation are cited as critical elements of resilience to natural and nonnatural hazards alike. As a strategy of risk management, it emphasises peace of mind, financial recompense and the swift restoration of a ‘business as usual’ status for civil, social and commercial life. Yet despite the contribution of insurance to risk management, the synergies with progressive or adaptive articulations of resilience are not sufficiently explicated. This paper explores the fundamental contradictions of insurance as a form of resilience through a study of flood risk management. It demonstrates how insurance regimes serve to structurally embed risky behaviour and inhibit change after detrimental events. As such, transformative interpretations of resilience conflict with the long-standing principles and operational norms of insurance that privilege normality. The paper concludes that, despite its currency within resilience discourses, insurance is maladaptive and that insurance regimes reinforce exposure and vulnerability through underwriting a return to the ‘status-quo’ rather than enabling adaptive behaviour.

KW - Insurance

KW - Resilience

KW - Flood Risk Management

KW - Climate Change

U2 - 10.1177/0263774X15602022

DO - 10.1177/0263774X15602022

M3 - Article

JO - Environment & Planning C: Government & Policy

JF - Environment & Planning C: Government & Policy

SN - 1472-3425

ER -