Small island states are likely to suffer the greatest impact of sea level rise. They are also generally low emitters of greenhouse gas emissions (GHGs), meaning they have contributed little to the problem of human-induced climate change. For an array of reasons, including their reduced economic and political power relative to the international power of other states, these smaller islands and states have come together, forming the Alliance of Small Island States (AOSIS). Jointly, they have been battling to gain the attention of the international community in their search for solutions. However, they are still left with many unanswered questions and no clear path on how to deal with their issues.
Will there be a future for them? Is anyone responsible for the damages and losses they will suffer? What will happen to their population and their resources? Do other countries have responsibility in light of their possible contributions to these circumstances? This article will discuss risks, present trends and theories, as well as possible ways to start answering some of these questions. It will then address how insurance companies playa part, considering the uncertainties of the consequences of climate change and the insurability of the risks associated with it.
Maria Antonia Tigre, Insuring Island States: The Role of Insurance for Small Island States in Responding to the Adverse Effects of Sea Level Rise, N.Y. Envtl. Law., Fall/Winter 2013, at 36, available at http://digitalcommons.pace.edu/lawstudents/16/.