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It also issues catastrophe bonds which transfer catastrophic risks from borrowers to investors.
As with many other issues, catastrophe is most certainly on the horizon if we let everyone get away with doing nothing.
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Or it could issue "catastrophe bonds".
But Francis Ghesquiere of the World Bank doubts that a country as poor as Haiti, with no experience on international bond markets, will start issuing catastrophe bonds.Risk-sharing mechanisms can enable the poorest nations to pool their insurance-buying power.
Citizens has tried to manage its exposure by issuing catastrophe bonds, which allow insurance companies to transfer risk to private investors.
Moments after the ceremony, Mr. Pi? issued a catastrophe order for the area around Rancagua, extending the disaster zones declared by Ms. Bachelet.
This is another issue where catastrophe could be on the horizon if we do nothing, but the full impact has not yet been felt.
Mr. Deroose, who was trained as a nurse, added: "The medical issues, in a catastrophe like this, are major trauma — broken legs, head injuries, punctured lungs.
She was warned repeatedly that the university's handling of this issue was a catastrophe, and still the policy – of utter passivity in the face of crisis – remains unchanged.
When I write about a bitterly partisan issue with potential catastrophe looming in the background ie, the shutdown—I get hundreds.It used to be that only media professionals felt or understood the way this dynamic works, the demand to "feed the buzz", in the phrase Tina Brown memorably coined in the early 1990s (and that now serves as the moniker of the website that encapsulates the philosophy).
In New York, the Metropolitan Transit Authority MTAA) has issued a $125 million "catastrophe" bond through its reinsurance broker that could cover some costs from a rainstorm or hurricane -- a first in the nation innovation.
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CEO of Professional Science Editing for Scientists @ prosciediting.com