Reef Policy Shows Insurance's Potential In Climate Fight

Reef Policy Shows Insurance's Potential In Climate Fight

December 6, 2022, Law360

Law360 included Marty Myers' commentary in a piece about The Nature Conservancy's efforts on enacting the first coral reef insurance policy in the United States. Covington represented The Nature Conservancy in its reef policy application.

According to Marty, "With the increasing threat of climate change and the more frequent extreme weather events that come with it, the development of insurance that can cover environmental resources like reefs could prove to be a welcome tool in conservationists' arsenal." Marty also said that "people throughout the insurance world are hard at work trying to figure out other applications for parametric policies to essentially protect natural resources in particular areas."

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