Market and financial mechanisms have provided important buffering capacity against climate shocks in North America. Insurance products are being developed to meet emerging climate risks, especially related to availability and pricing of flood insurance in Canada  and the USA . Some existing US flood insurance products provided through joint public and private arrangements has led to rebuilding in flood-prone locations . The price of these products may limit their uptake in low-income neighbourhoods .
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report