Super scheme blows the roof off

Surging demand: Today, more than 20,574 homes have these roofs or are in the process of adding them.

AS the Trump administration stalls federal funding for projects intended to make states more resilient to climate change and private insurers decline to cover properties in high-risk zones, North Carolina just proved there’s another way to fund disaster preparedness: a US$600mil catastrophe bond (cat bond) that rewards homeowners and their insurer for installing “super roofs.”

Along North Carolina’s beaches, wind damage from hurricanes is such a threat that many private insurers have stopped offering coverage.