Experts, regulatory capture, and the governor's dilemma: The politics of hurricane risk science and insurance

• 成果类型: Article
• 署名作者: Weinkle, Jessica
• 署名单位: University of North Carolina; University of North Carolina Wilmington
• 刊物名称: REGULATION & GOVERNANCE
• ISSN/ISSBN: 1748-5983
• DOI: 10.1111/rego.12255
• 发表日期: 2020
• 页码: 637-652
• 关键词: GOVERNANCE; uncertainty; KNOWLEDGE; LIMITS

摘要

Using historical context and brief case studies of hurricane risk science, this article illustrates the intimate relationship between the insurance industry and scientific researchers largely assumed to be external to the industry. This paper argues that the extent to which the insurance industry directs, funds, and validates the production and use of science for estimating risk is itself a full blown political enterprise that functions to prioritize industry interests in views of hurricane risk and potentially narrow the broader discussion of disaster losses to the single solution of insurance pricing. The situation presents what has recently been termed the governor's dilemma. Regulators face losing control over industry's influence on understandings of society's hurricane risk; at the same time, greater control over the research effort may stymie advancement in knowledge needed for effective risk management.