Disasters like Hurricane Dorian are especially devastating on small island nations like those of the Caribbean. To adapt to climate change, the region (with international help) should invest in resilience as well as response.
Blog Posts: disasters
Hurricane Dorian left the Bahamas government scrambling to mobilize resources for disaster response and recovery. The Bahamas is insured, but government institutions were so damaged by the storm that they had trouble responding immediately.
Sovereign parametric insurance can finance disaster response when extreme weather events like droughts or hurricanes cause emergencies in developing countries.