“Governing the Unpredictable: Legal Frameworks for DRI in a Changing Climate”
As the impacts of climate change grow more intense and unpredictable, the need for legal and policy mechanisms to manage disaster risk has never been greater. From floods and hurricanes to wildfires and droughts, extreme weather events are becoming more frequent and devastating. In this context, Disaster Risk Insurance (DRI) emerges as a crucial tool to mitigate financial losses, promote resilience, and support recovery. However, without robust legal frameworks, the potential of DRI remains underutilized or unevenly applied. This article explores the legal dimensions of disaster risk insurance and the imperative to develop adaptive, equitable, and enforceable frameworks in a rapidly changing climate. Understanding Disaster Risk Insurance (DRI) Disaster Risk Insurance refers to financial instruments that help individuals, businesses, and governments recover from natural disasters by transferring risk to insurance…