VIRGINIA FURNESS and SIMON JESSOP A group of over 85 insurers in Africa has pledged to create a financing facility to provide $14 billion of cover to help the continent's most vulnerable communities deal with climate disaster risks such as floods and droughts. The commitment to create the African Climate Risk Facility (ACRF) was made on Wednesday during the COP27 climate talks and comes as developing countries push their richer peers to do more to help them pay for the costs of responding to such events. Demand for compensation for the "loss and damage" caused by global warming has long been rejected by wealthy…