YouTube17 Jun 2024
1h 23m

The Masters of Disasters:  Legal Liability and Insurance Coverage in the Age of Climate Change

Podcast cover

Yale University

The podcast features a lecture by Professor Daston on the evolving understanding of natural disasters in law and insurance, arguing that the traditional category of "purely natural disaster" is disappearing. She discusses how legal courts are expanding human responsibility for disasters, while insurance companies are creating catastrophe bonds that treat disasters as financial risks. Daston concludes that this shift emphasizes consequences and blame, with the state playing an increasingly important role in managing disaster risks and providing security, and also answers audience questions about predictive algorithms, GDP models, changing concepts of nature, and the involvement of energy companies in insurance deliberations.

Outlines

Part 1: Introduction, Legal Context

Part 2: Redefining Risk, Reinsurance

Part 3: Financialization, Catastrophe Bonds

Part 4: Conclusions, Future Outlook

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