Insurance era : risk, governance, and the privatization of security in postwar America / Caley Horan.

"Caley Horan charts the social and cultural life of private insurance in the United States after 1945. Analyzing insurance marketing, consumption, investment, and regulation, Horan argues that insurance institutions and actuarial practices played crucial roles in introducing neoliberalism to Am...

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Bibliographic Details
Main Author: Horan, Caley (Author)
Format: Book
Language:English
Published: Chicago ; London : The University of Chicago Press, 2021.
Subjects:

MARC

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300 |a 251 pages :  |b illustrations ;  |c 24 cm 
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504 |a Includes bibliographical references and index. 
505 0 |a Part I. Selling "self-made" security. Insurance marketing in the wake of the New Deal ; "Facing the future's risks" : governing through education and public service -- Part II. Investing in privatization. "Public enterprises in private hands" : investing in urban renewal ; "A mighty pump" : financing suburbanization -- Part III. Defending discrimination. "Communities without hope" : urban crisis and insurance redlining ; The unisex insurance debate and the triumph of actuarial fairness -- Epilogue : Imagining insurance futures. 
520 |a "Caley Horan charts the social and cultural life of private insurance in the United States after 1945. Analyzing insurance marketing, consumption, investment, and regulation, Horan argues that insurance institutions and actuarial practices played crucial roles in introducing neoliberalism to American life. Today, actuarial thinking is everywhere--calculations of risk and chance influence how we understand and manage crime, education, medicine, and finance. Horan avers that midcentury America--obsessed with security, safety, and risk-fueled the exponential expansion of the insurance industry and the growing importance of risk management in countless fields. Horan moreover shows that insurance institutions have been central to establishing many of the social, political, and economic frameworks essential for neoliberalism. At its broadest, actuarial thinking, which presumes that all rational action is economic action, encourages individuals to conduct their lives in market terms, taking charge of their own risks and welfare. The rise and administration of neoliberal values did not just happen; it was the product of a project to unsocialize risk, reducing costs to the state and heaping burdens upon the people often least capable of bearing them. The reason "There Is No Alternative" to neoliberal logics is that all the alternatives get defined away by forces, like insurance companies, that profit handsomely from doing so"--  |c Provided by publisher. 
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