$2M insurance policy in effect for Hawaii coral reefs in time for hurricane season
HONOLULU (AP) — An environmental group has a $2 million insurance policy on Hawaii’s coral reefs, which is in effect in time for a busier hurricane season that could damage the vital natural resources that are increasingly under threat from climate change.
In announcing the policy purchase last year, The Nature Conservancy said it was the first-ever coral reef insurance policy in the United States.
