Current insurer responses to anthropogenic climate change are generally adaptive and weakly mitigative rather than strongly mitigative. In this chapter, we argue successful insurance system adaptation to anthropogenic climate change depends on returning the climate to a stable, familiar and relatively predictable state. Effective mitigation is therefore a necessary precondition for successful longer-term insurance system adaptation to climate change. To make this argument, we highlight important ways the Earth system, the global economy and insurance are all inter-connected.
|Title of host publication||English through climate change|
|Editors||Walter Leal Filho, Evangelos Manolas|
|Place of Publication||Orestiada, Greece|
|Publisher||Department of Forestry and Management of the Environment and Natural Resources, Democritus University of Thrace|
|Number of pages||16|
|Publication status||Published - 2012|
Phelan, L., Harwood, S., Henderson-Sellers, A., & Taplin, R. (2012). Adaptation is not enough: why insurers need climate change mitigation. In W. Leal Filho, & E. Manolas (Eds.), English through climate change (pp. 103-118). Orestiada, Greece: Department of Forestry and Management of the Environment and Natural Resources, Democritus University of Thrace.