Back to Story
A road is visible at the farm of Joemar Flores in Mindanao, Philippines, May 9, 2024. A growing type of insurance, called parametric insurance, is helping farmers like Flores and others in developing countries respond to extreme weather events. (Bill Spindle/Cipher News via AP)

A road is visible at the farm of Joemar Flores in Mindanao, Philippines, May 9, 2024. A growing type of insurance, called parametric insurance, is helping farmers like Flores and others in developing countries respond to extreme weather events. (Bill Spindle/Cipher News via AP)

Joemar Flores, and his neighbor, Junthan Giumba pose for a photo with Flores' rice paddies visible in the distance in Mindanao, Philippines, May 9, 2024. A growing type of insurance, called parametric insurance, is helping farmers like Flores and others in developing countries respond to extreme weather events. (Bill Spindle/Cipher News via AP)

Joemar Flores, and his neighbor, Junthan Giumba pose for a photo with Flores' rice paddies visible in the distance in Mindanao, Philippines, May 9, 2024. A growing type of insurance, called parametric insurance, is helping farmers like Flores and others in developing countries respond to extreme weather events. (Bill Spindle/Cipher News via AP)

Joel Diccion, a farmer, poses for a photo in Carmen, Philippines, May 6, 2024. A growing type of insurance, called parametric insurance, is helping farmers like Diccion and others in developing countries respond to extreme weather events. (Bill Spindle/Cipher News via AP)

Joel Diccion, a farmer, poses for a photo in Carmen, Philippines, May 6, 2024. A growing type of insurance, called parametric insurance, is helping farmers like Diccion and others in developing countries respond to extreme weather events. (Bill Spindle/Cipher News via AP)

People walk through farmland near Carmen, Philippines, May 6, 2024. A growing type of insurance, called parametric insurance, is helping farmers and others in developing countries respond to extreme weather events. (Bill Spindle/Cipher News via AP)

People walk through farmland near Carmen, Philippines, May 6, 2024. A growing type of insurance, called parametric insurance, is helping farmers and others in developing countries respond to extreme weather events. (Bill Spindle/Cipher News via AP)

Joemar Flores stands at his farm in Mindanao, Philippines, May 9, 2024. A growing type of insurance, called parametric insurance, is helping farmers like Flores and others in developing countries respond to extreme weather events. (Bill Spindle/Cipher News via AP)

Joemar Flores stands at his farm in Mindanao, Philippines, May 9, 2024. A growing type of insurance, called parametric insurance, is helping farmers like Flores and others in developing countries respond to extreme weather events. (Bill Spindle/Cipher News via AP)