The countries most vulnerable to climate change are those that did the least to cause it. Developing countries are being increasingly hammered by the direct impacts of a growing number of climate change charged weather extremes–super-sized storms, worsening floods, and more devastating droughts–as well as the insidious, slow onset of rising sea levels. These climate events often overwhelm economies, costing poor countries, by some estimates, US$500 billion annually and forcing 26 million people into poverty each year

Insurance is not a silver bullet to address loss and damage, and rich countries and institutions such as the World Bank must stop pushing it above other, more appropriate, efficient, equitable, and countryowned responses to climate catastrophes