Home Insurance in Developing Countries Is Hard to Come By. That’s Changing.
By Craig Mellow
If you’re riled up about rising insurance costs in Florida or California, spare a thought for earthquake survivors in Turkey or flood victims in Pakistan. Most homeowners in the developing world can’t buy natural-catastrophe insurance—“natcat” in industry lingo—at any price, even as climate change makes calamities more frequent and severe.
Photo courtesy of United Nations Photo.
Source: Barron's (link opens in a new window)
- Categories
- Environment, Finance
- Tags
- climate change, lending
