Abstract

This article details how the influence of financial investment on insurance has produced a morality discourse that provides new insights on a social theory of stigma. Specifically, it examines the Insurance Development Forum (IDF) and the role morality plays in its commitments to climate governance. Initially conceived by political leaders advising on disaster risk reduction at a 2013 UN General Assembly meeting, the IDF recognizes financial institutions, practices, and devices as integral to addressing climate change. Through its activities and investments in an open-access database, insurance has come to shape material claims about the reputational status of people, things, natures, and places. At the heart of the article's analysis is the observation that the organizational structure of the IDF depends on the efficient flow of information to manage the stigma often associated with finance capitalism.

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