Reported about 2 months ago
Investors in catastrophe bonds have enjoyed substantial profits, averaging returns of around 15%, spurred by a hurricane season that largely spared their investments. However, cases like Jamaica's recent experience, where specific conditions prevented payouts despite disaster declarations, have raised scrutiny over the fairness and risk dynamics of these financial instruments. Regional leaders seek to reassess the terms and structures of catastrophe bonds, highlighting the need for equitable risk distribution between investors and affected nations.
Source: YAHOO