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Indemnifying against flood loss in a changing environment
Legal Studies, Volume: 33, Issue: 2, Pages: 239 - 263
Swansea University Authors: Jill Morgan, Mark Stallworthy
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DOI (Published version): 10.1111/j.1748-121X.2012.00245.x
Abstract
The UK – as with all other parts of the globe - is faced with new environmental uncertainties, particularly from climate change. Factors which threaten its existing flood loss indemnity regime regarding damage to property include greater ecological awareness on the part of policy makers, pressures t...
| Published in: | Legal Studies |
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| Published: |
2013
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| URI: | https://cronfa.swan.ac.uk/Record/cronfa13397 |
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| Abstract: |
The UK – as with all other parts of the globe - is faced with new environmental uncertainties, particularly from climate change. Factors which threaten its existing flood loss indemnity regime regarding damage to property include greater ecological awareness on the part of policy makers, pressures to limit public commitments to flood defence, and the growing technical ability of insurers to distinguish risk exposure across particular locations. Current reliance on the commercial insurance market is called into question, as general levels of insurance availability and affordability come under threat. Problems of take-up among particular groups will be exacerbated by more restricted availability or terms of cover which are likely increasingly to affect vulnerable individuals and communities. The changing law and policy environment involves challenges to the delicate public-private balance which has underpinned the current arrangements and has implications both for civil society and the insurance industry, as well as informing the extent to which alternative approaches might offer solutions. |
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| College: |
Faculty of Humanities and Social Sciences |
| Issue: |
2 |
| Start Page: |
239 |
| End Page: |
263 |