Given insurance-related parts of the discussion in the Idalia thread, I just wanted to mention that these exist, AFAIK for hurricanes (and other weather, along with other types of natural disaster) right now but they'll probably go global -- i.e., tropical cyclones, not just hurricanes -- if it works...a big "if," considering the fallout from Ian.
Insurance, like so much else, is terribly complicated today. It's way above my head.
I think the Florida hurricane fund is something different.
More info:
Insurance, like so much else, is terribly complicated today. It's way above my head.
I think the Florida hurricane fund is something different.
More info:
- Chicago Fed primer
- Washington Post article from a few days ago (requires email if you're not a subscriber; I'm not)
- Chile and earthquakes
- Danish Red Cross and Mt. Merapi bond. It was all right; Merapi just blew a dome. It does get extremely violent, but only once or twice a century, last in 2010. Lay opinion: They're good for decades, at least.
