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Rich nations study details massive insurance program ease 3rd World climate change damages

2015-06-10 12:00:00| Climate Ark Climate Change & Global Warming Newsfeed

ClimateWire: Countries already bearing the brunt of extreme weather events are cautiously optimistic about a new insurance scheme designed by the world's wealthiest nations to protect about 400 million people in the world's most vulnerable communities. Official details about the disaster-risk reduction program, announced as part of the Group of Seven (G-7) decisions this week, remain sparse. But a top Munich Re official involved with the plan told ClimateWire that Germany has kicked in with an initial 150 million...

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