On Rebecca Elliott's Underwater: Loss, Flood Insurance, and the Moral Economy of Climate Change in the United States, Columbia University Press, 2021.

From this perspective, Elliott leads an exciting new frontier for questions of risk and uncertainty, where recent scholarship in economic sociology has found that insurance influences behaviors at the individual and municipal level to encourage adaptation ([2]; [1]). Keywords: climate change; global warming; environment; financial institutions; financial services; inequality; Z1 Cultural Economics; Economic Sociology; Economic Anthropology; Q54 Climate; Natural Disasters and Their Management; Global Warming; G52 Household Finance: Insurance EN climate change global warming environment financial institutions financial services inequality Z1 Cultural Economics Economic Sociology Economic Anthropology Q54 Climate Natural Disasters and Their Management Global Warming G52 Household Finance: Insurance 1823 1833 11 07/28/23 20230701 NES 230701 A new framework for understanding the moral economy of climate change Correspondence: a2knight@ucsd.edu Seven years after the devastation of Hurricane Sandy on the east coast of the USA, a small community on the Pacific Coast stared down their own flood risk profile. References Underwater: a cultural comment on solidarity in insurance programs against climate change Correspondence: stephanie.barral@inrae.fr Elliott's recent book I Underwater i is undoubtedly a breakthrough in the social studies of environment and climate change. Even while Elliott describes the moral economy of loss in detail, she never lets out of sight that insurance is both an institution and a technology. [Extracted from the article]