By Jessica In our case on Travelers Insurance, we learned about the immense effect climate change can have on insurance companies: claim volume has been climbing year over year and catastrophes like Hurricane Sandy can cause drops in profits of over 50%. As climate change increases the amount of catastrophic natural disasters, insurance companies have […]
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Cat Bonds and RMBS: Safer
By John Macomber Our class on property/casualty insurance and catastrophe bonds ended with several passionate comments about how Catastrophe Bonds are just like Mortgage Backed Securities. On a philosophical level they might both be financial instruments that lead to mischief and trading abuses; but in structure they are quite different. The key aspects should be […]
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