Hawaii coral reefs have insurance to aid recovery
Hurricane Lowell recently made a rare direct hit on Hawaii, causing significant damage and prompting cleanup efforts across the state. In response, The Nature Conservancy’s innovative parametric insurance policy for Hawaii’s coral reefs was triggered twice, providing a total of $500,000 to support reef restoration. This insurance model uses predefined storm conditions to release funds quickly, helping repair coral damage and protect valuable ecosystems from hurricane impacts.
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