Should There Be Global Disaster Insurance?

See this article in the NYT by Jeffrey Sacks: Insuring for Disasters.  Some excerpts:

Insurance would reveal how vulnerable certain parts of the world are to rising costs of disasters, including those associated with global warming. But at least we’d be able to begin to account for this. It would provide a powerful way to drive mitigation and adaptation investments, a point emphasized in recent years by Rowan Douglas of the insurer Willis Group.

A global system of disaster insurance would of course not be perfect and would take time to implement, but could save many lives and livelihoods in the years ahead, and help vulnerable low-income countries like Haiti and Nepal chart a path to sustainable development.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.