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Cancun’s coral reef receives a health insurance policy

You likely use life, health and auto insurance — but what about reef insurance? A 40-mile stretch of the Mesoamerican coral reef off the coast of Cancun, Mexico, soon will be the first in the world with its own insurance policy, piloted by the Nature Conservancy (TNC) and reinsurer Swiss Re AG, which helps protect it and surrounding businesses from climate change-related damage.

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