Nature Conservancy Adds $2M Insurance Coverage for Hawaii’s Coral Reefs

The Central Pacific hurricane season has started, and this year, the Nature Conservancy has purchased $2 million in insurance coverage to protect against potential damage to the coral reefs in Hawaii.

This represents the first time the Nature Conservancy has purchased this type of policy.

This insurance coverage is the first of its kind in the United States, in an important move that acknowledges the impact of climate change on increasingly common and destructive hurricanes and tropical storms. This is the next step in a broader protection effort already underway in coastal regions in other parts of the world, such as Mexico’s Quintana Roo and the coverage for the southern part of the country’s Mesoamerican Reef, which extends into Honduras, Guatemala and Belize.