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S&P Says Katrina Won't Hit Cat Bonds

National News • August 30, 2005
Although they are still relatively rare, compared to the number of commercial property policies in force, a number of cat bonds covering specific property risks were briefly threatened by ...

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Subject: Cat Bonds Won't Pay for Katrina

Posted On: August 30, 2005, 12:33 pm CDT
Posted By: Funkie
Comment:
This is fascinating. S&P says that none of the cat bonds outstanding will be hit by Katrina. A story in the same issue says that Katrina is going to be the biggest insured hurricane since Andrew.

If cat bonds don't respond to a storm this size, what good are they? Clearly those promoting this alternative to cat reinsurance have found a way to take in money without having to worry about paying for losses down the road.
Subject Posted By Posted On
RE: RE: Cat Bonds Won't Pay for Katrina LL
Aug 31, 2005, 10:16 pm
RE: Cat Bonds Won't Pay for Katrina research
Aug 31, 2005, 12:05 pm
RE: Cat Bonds Won't Pay for Katrina che
Aug 31, 2005, 10:09 am
Cat Bonds Won't Pay for Katrina Funkie
Aug 30, 2005, 12:33 pm
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