Aerial view of Cancun coastline. Dronepicr / Wikipedia / CC BY 3.0
Buying insurance is one way to protect something of value, such as a car or a home. And now businesses in Cancun, Mexico, have insured a coral reef.
“The coral reef actually reduces the risk of storm impact on the hotels and resorts in Cancun,” Dave Jones said. He’s with the Nature Conservancy and is the former insurance commissioner of California.
Reposted with permission from Yale Climate Connections.