Article
Risky Business: Publicly Insuring Against Rising Tides
Environmental Practice
(2017)
Abstract
This article uses the history and current state of publicly subsidized coastal flood insurance policy in the United States to highlight how perceptions of risk can be influenced by past and current policy practices. For the purposes of this article, public flood insurance premiums are used as a proxy for risk; higher premiums suggest greater risk, while lower premiums suggest lowered risk. By using coastal flood insurance as a proxy for flood risk, subjective factors of risk are highlighted and contextualized. The goal is to provide the reader with an example of the importance of considering both objective and subjective risk factors when developing and implementing climate change policies that make investments today to protect against future harm.
Keywords
- Climate change,
- floods,
- risk communication,
- risk governance,
- sea level rise
Disciplines
Publication Date
June 7, 2017
DOI
10.1080/14660466.2017.1309890
Citation Information
Chad J McGuire. "Risky Business: Publicly Insuring Against Rising Tides" Environmental Practice Vol. 19 Iss. 2 (2017) p. 87 - 91 ISSN: 1466-0474 Available at: http://works.bepress.com/chad_mcguire/61/