Insurers are struggling as climate change-fueled damage intensifies. So are homeowners. Clearly something has to change.
A resident works to repair a roof after Hurricane Florence hit in Wilmington, North Carolina, U.S., on Saturday, Sept. 16, 2018. In flooded communities, emergency workers have rescued more than 900 people as still-potent remnants of Hurricane Florence march through North Carolina. Photographer: Alex Wroblewski/Bloomberg
Investors snapped up a catastrophe bond tied to North Carolina homeowners and their insurer for installing super roofs.
A home with a missing roof is seen after Hurricane Dorian in Beaufort, North Carolina, U.S., on Sept. 6, 2019. Hurricane Dorian made landfall on the Outer Banks of North Carolina, battering the shore with driving rain and wind as it continues its march north and begins moving away from the U.S. coast.
Anmelden
