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DanaThomas posted an update 7 years, 7 months ago
“Catastrophe Bonds”, murky business going on…
https://www.zerohedge.com/news/2018-09-12/catastrophe-bondholders-panic-hurricane-florence-defies-financial-models
The Giza Forum (Legacy)
Closed Archive of The Old Forum
The failure to predict the storm in the models could discourage future buyers of these products….
I worked as a contractor for the man who developed the concept of reinsurance. He gets a cut out of every reinsurance policy written (in the world). Since reinsurers insure the insurance companies, these series of existing hurricanes/tropical depressions will color the way they agree to insure the insurance companies… and the insurance companies may well not be here to worry about who they insure in the future.
Insurance companies are as much a part of the private monetary creation system as banks, but they seem to get overlooked…
more weather derivatives