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Reinsurance is a financial market that trades in the risk of unpredictable and devastating disasters - such as Hurricane Katrina, the Tohoku earthquake and tsunami, and the terrorist attacks on the World Trade Centre. Such disasters are increasing in both frequency and severity, with the cost of their losses mounting rapidly. Reinsurance insures insurance companies, enabling them to pay claims arising from these losses. It is thus a market mechanism that is a critical part of the social and economic safety net, helping to pick up the pieces after disasters. Yet, how is the risk of such...

The concepts of practice and institution are of longstanding importance across the social sciences. This double-volume builds directly on the scholarship of Theodore Schatzki and Roger Friedland, to map out new theoretical and empirical directions at the interface between the practice and institutional “logics” literatures in organizational sociology, bridging the two perspectives. Volume 71 of Research in the Sociology of Organizations highlights a multitude of empirical directions suggesting particularly intriguing focal points for the emergent research agenda. The enclosed chapters...

The concepts of practice and institution are of longstanding importance across the social sciences. This double-volume builds directly on the scholarship of Theodore Schatzki and Roger Friedland, to map out new theoretical and empirical directions at the interface between the practice and institutional “logics” literatures in organizational sociology, bridging the two perspectives. Volume 70 of Research in the Sociology of Organizations focuses on theoretical development including two major, and complementary, theoretical statements by Schatzki and Friedland that engage key ontological...