The Harsh Reality of ‘Hurricane Insurance’ - Bloomberg

Catastrophe bonds have become Wall Street’s new favorite way to manage the risk of climate-fueled disasters. But they can leave vulnerable nations out of luck when misfortune strikes.

By: Bloomberg

Oct 15 2024
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In the hours before Hurricane Milton reached land in Florida last week, a saildrone dispatched into the maelstrom by US government researchers sent back heart-stopping data. Ocean waves driven by sup… [+19109 chars]

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