RealNews

World Bank to launch Caribbean disaster insurance

As scientists warn that climate change will lead to stronger storms, the World Bank is launching on Monday the first disaster insurance plan to offer emergency money to 18 Caribbean countries immediately after they are hit by hurricanes or earthquakes. The Caribbean Catastrophe Risk Insurance Facility (CCRIF) will allow stricken nations to begin disaster response right away with the guarantee of access to enough money to fund emergency measures. Full Story

OODA Analyst

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