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2024-08-19 07:55:15
“Catastrophe bonds” allow investors to bet on the occurrence, or not, of natural disasters to recover interest rates. A solution that some states and insurers are resorting to, given the prevalence of emergencies. A solution which made a very bad impact in the City of Jamaica after the occurrence of Hurricane Beryl.
#Disaster #bonds #banking #climate #disasters #bad #deal #Jamaica