I wish someone at the Insurance Journal would write an article about Cat Bonds vs Reinsurance. From what I’ve read it looks like Cat Bonds cost more and are riskier than reinsurance.
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And the effect on policyholders will be…?
I wish someone at the Insurance Journal would write an article about Cat Bonds vs Reinsurance. From what I’ve read it looks like Cat Bonds cost more and are riskier than reinsurance.
http://www.riskinfo.com/Seminars/RIMS2004-SanDiego/Session-Overview.htm
The concern is ofcourse how will effect MA and RI homeowner insurance premiums?