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$600 million climate bond helps with hurricane relief | UNC-Chapel Hill
Hurricanes and tropical storms continue to affect the state of North Carolina, with residents’ homes suffering from wind and rain damage. UNC School of Law professor Donald Hornstein set out to mitigate this with the creation of a first-of-its-kind $600 million catastrophe resilience bond, work he did partly in his role as a political appointee to the North Carolina Wind Pool, the state’s $1 billion insurer-of-last-resort at the coast. The bond’…
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$600 million climate bond helps with hurricane relief | UNC-Chapel Hill
Hurricanes and tropical storms continue to affect the state of North Carolina, with residents’ homes suffering from wind and rain damage. UNC School of Law professor Donald Hornstein set out to mitigate this with the creation of a first-of-its-kind $600 million catastrophe resilience bond, work he did partly in his role as a political appointee to the North Carolina Wind Pool, the state’s $1 billion insurer-of-last-resort at the coast. The bond’…
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Total News Sources1
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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