Insurance Companies: Last Defense vs.Climate Change?
summary
Climate-related insured losses total hundreds of billions annually and reinsurers report growing tail risk and correlation that makes extreme events costlier. Aanika Biosciences describes a microscopic organism tag — called a biological blockchain here — that traces ingredients through supply chains and proved fast regulatory entry via a sandbox in Bermuda (120 days). Regulators push climate-disclosure rules, insurers can price or refuse unmitigated risks, and firms are piloting tags plus antimicrobial peptides to reduce recalls and lower premiums.
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