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Uncertain Business - Risk, Insurance, and the Limits of Knowledge (Hardcover, New)
Loot Price: R1,337
Discovery Miles 13 370
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Uncertain Business - Risk, Insurance, and the Limits of Knowledge (Hardcover, New)
Expected to ship within 10 - 15 working days
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We live in an age of increasing doubt about whether our
institutions and technologies can provide security against risks,
many of which they themselves have created. Uncertain Business is
an unprecedented inquiry into insurance industry practices and what
they tell us about risks and uncertainties in contemporary society.
The core of the book is ethnographic studies in distinct fields of
insurance: premature death, disability, earthquake, and terrorism.
These studies reveal that uncertainty pervades different fields of
insurance, the very industry that is charged with transforming
uncertainty into manageable risk. Scientific data on risk are
variously absent, inadequate, controversial, contradictory, and
ignored. Insurers impose meaning on uncertainty through
non-scientific forms of knowledge that are intuitive, emotional,
aesthetic, moral, and speculative. Nevertheless, the nature of
uncertainty and the response to it varies substantially across the
fields studied, showing how contemporary society is characterized
by competing risk logics. Insurers' perceptions and decisions about
uncertainty - with potential for windfall profits as well as
catastrophic losses - create crises in insurance availability and
provoke new forms of inequality and exclusion. Hence, while the
insurance industry is a central bulwark against uncertainty,
insurers also play a key role in fostering it.
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