Desmond, Matthew. Poverty, by America. 1st ed. New York: Crown, 2023. https://amzn.to/40Aqzlp

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for - biodiversity ecosystem services - most relevant for insurance industry

biodiversity ecosystem services - most relevant for insurance industry - Intact habitat - respiratory disease claims are one of the key driver of insurance claims worldwide. Intact forests are a key air purifier - Pollination - stats - global annual economic cost of insect pollinators - 235 to 577 billion USD - OECD 2019 - Air quality and local climate - (see above) - Water security - Water quality - Soil fertility - Erosion control - coastal / river-bordering forests / mangroves provide key erosion protection. - roots build a natural bulwark against waves and can store water during heavy rainfall - where forests (and mangroves) have disappeared, landslides and storm surges are more common and can move further inland, causing property losses covered by insurance - Coastal protection - (see above) - Food provision - Timber provision

question - valuable ecosystem services identified for insurance industry - what about minerals?

for - planetary emergency - economic cost of nature - from an insurance perspective - natural capital valuation - from insurance industry perspective - biodiversity - natural capital valuation - from insurance industry perspective - Swiss RE - Biodiversity and Ecosystem Services (BES) metric - from insurance industry perspective

Französische Versicherungsgesellschaften haben für die Schäden, die extremwetterereignisse im vergangenen Jahr verursacht haben, 6,5 Milliarden Euro ausgegeben. Die globale Erhitzung ist für einen großen Teil dieser Summe mit verantwortlich. Ein neuer, auch für die Regierung erstellter Bericht analysiert die Veränderungen für die Versicherungswirtschaft durch die verschärfte ökologische Situation. https://www.liberation.fr/environnement/climat/catastrophes-naturelles-a-repetition-un-rapport-pour-lutter-contre-les-possibles-deserts-assurantiels-dans-les-zones-a-risques-20240402_6ZTTTPV6JFGBZIZ3DOZITYS6QA/

I can't help but see this definition and think it needs to be applied to economics immediately. In particular I can think of a few quick examples of economic anomie which are artificially covering up a free market and causing issues within individual communities.

College Textbooks: Here publishers are marketing to professors who assign particular textbooks and subverting students which are the actual market and consumers of those textbooks. This causes an inflated market and has allowed textbook prices to spiral out of control.

The American Health Care Market In this example, the health care providers (doctors, hospitals, etc.) have been segmented away from their consumers (patients) by intermediary insurance companies which are driving the market to their own good rather than a free-er set of smaller (and importantly local) markets that would be composed of just the sellers and the buyers. As a result, the consumer of health care has no ability to put a particular price on what they're receiving (and typically they rarely ever ask, even more so when they have insurance). This type of economic anomie is causing terrific havoc within the area.

(Aside: while the majority of health care markets is very small in size (by distance), I will submit that the advent of medical tourism does a bit to widen potential markets, but this segment of the market is tiny and very privileged in comparison.)

Kahn, L. B., Lange, F., & Wiczer, D. G. (2020). Labor Demand in the Time of COVID-19: Evidence from Vacancy Postings and UI Claims (Working Paper No. 27061; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27061

Chetty, R., Friedman, J. N., Hendren, N., Stepner, M., & Team, T. O. I. (2020). How Did COVID-19 and Stabilization Policies Affect Spending and Employment? A New Real-Time Economic Tracker Based on Private Sector Data (Working Paper No. 27431; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27431