loss and damage

There seems to have been no progress in finding common solutions between the conventionally defined countries of the global south and north, visions diverge profoundly, and the discussion so far has been dominated by insurance approaches to the problem. The difficulty in managing the losses and damages caused by climate change impacts with funds that should be distributed as needed with an insurance system stem from the very nature of insurance contracts, which are based on the likelihood of something happening or not happening, not allowing for insurance of something that has already happened or has already been damaged.