The Rich Are Making an Unusual Bet on Disaster

Climate change fueled by rich nations has made parts of the planet seemingly uninsurable. Catastrophe bonds have been sold as a clever solution that spreads the risk, and great reward, to investors. But critics say they can leave vulnerable nations out of luck when disaster strikes.

Read more: The Harsh Reality of ‘Hurricane Insurance’
https://www.bloomberg.com/features/20...

00:00 - 01:00 = Intro
01:00 - 03:03 = What is a catastrophe bond?
03:03 - 07:06 = Jamaica’s cat bond after Hurricane Beryl
07:06 - 08:16 = The science of structuring a cat bond
08:16 - 09:21 = Risk modeling using synthetic storms
09:21 - 11:32 = Who benefits from catastrophe bonds?
11:32 - 12:54 = Building climate resilience
12:54 - 14:17 = Outro

#Insurance #Bonds #Finance #Business #Investing
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