This article was originally published on Thompson Reuters Foundation.
“Coral reefs, mangroves and even some fish could soon have their own insurance policies as the industry seeks new ways to boost protection for those affected by the ocean changes wrought by climate change.
Warmer sea temperatures have led to more intense storms in the Atlantic Ocean, contributing to $320 billion in disaster losses from weather and climate-related events last year, according to the World Meteorological Organization.
Only about a quarter of these were insured…”
Read on at: Thompson Reuters Foundation.