Reported about 24 hours ago
Catastrophe bond funds are expected to withstand significant losses from the ongoing wildfires in Los Angeles, despite projections of $20 billion in insured losses. With only 12% of the $50 billion cat-bond market exposed to wildfire risk, experts indicate that primary insurers will likely absorb most losses, minimizing the impact on the cat-bond market. Investors remain cautious, however, as the unpredictability of secondary perils like wildfires presents ongoing challenges.
Source: YAHOO