A plea from small islands: more insurance for climate change
* No insurance for rising sea levels
* Maldives, other islands want insurance help
* Some initiatives help govts cope with natural disasters
* More sophisticated risk modeling needed
* Risk more areas become uninsurable
By Carolyn Cohn
LONDON, Dec 10 (Reuters) - Rising sea levels and tidal waves are washing away coastlines on many of the 196 inhabited islands of the Maldives, and there is no insurance policy to cover the costs.
Global leaders are close to the end of two weeks of talks to try to agree an accord to slow climate change. A draft agreement this week showed countries had made progress on some sticking points but remain divided over several core issues before Friday's deadline.
A weak deal could lead to a situation where "insurance will be pretty hard to find in some places", according to Matt Cullen, head of strategy at the Association of British Insurers, as droughts, flash floods and wildfires become more common around the world. Continuación...