This Is the First Ecosystem With Its Own Insurance Policy

In Mexico, the Mesoamerican Reef, a 100-mile long coral reef system, the second largest in the word, is insured. The insurance policy is the result of a collaboration between the local government, hotel owners, an international NGO, and an insurance company who saw the value of protecting the reef. After Hurricane Delta, the insurance first kicked in, the insurance paid out $850,000. The money was used to uproot 2,152 coral colonies and close to 14,000 coral fragments. The model could be an example of future moves to insure the environment.

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