Today’s newsletter looks at how China is trying to protect the world’s biggest uninsured economy from more extreme weather. Click here to read and share the full story on Bloomberg.com. For unlimited climate and ESG coverage, please subscribe.
Read more stories from “Uncovered,” our series about how climate change is upending the insurance industry. Part 1 looked at the fragility of US “last resort” insurers. Part 2 explored the risky business of private climate modeling. Part 3 revealed the harsh reality of the catastrophe bond market. Part 4 examined a first-of-its-kind program in the UK. Part 5 delved into lightly-regulated insurers on the rise in the US, and Part 6 explained how African countries are turning toparametric insurance that still leaves millions to starve.