Bull Bay, Jamaica, in the aftermath of Hurricane Beryl in July.Source: Fortune Magazine, Ricardo Makyn—AFP via Getty Images BY Greg Ritchie, Gautam Naik and Bloomberg August 18, 2024 A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be skewed against some issuers. Catastrophe bonds, which are issued by … Continue reading Hurricane Beryl didn’t trigger a catastrophe bond, delivering a big win for investors
Tag: Natural Disasters
Countries hope big emitters will take more financial responsibility for emergency relief and damage claims Natricia Duncan Caribbean correspondent for The Guardian August 25, 2024 The outcome of an international court case on climate change obligations could strengthen the legal position of Caribbean islands claiming damages from developed countries after natural disasters, lawyers say. Brought to … Continue reading Caribbean islands hope UN court will end ‘debt cycle’ caused by climate crisis
From L-R: Chairman of CARICOM, The Hon. Dickon Mitchell, and Canada's Minister for International Development, Ahmed Hussen. Source: CARICOM (CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) – CARICOM Heads of Government and the Hon. Ahmed Hussen, Minister for International Development of Canada, discussed regional resilience to natural disasters and strategies for improving access to financing during … Continue reading CARICOM and Canada discuss resilience to natural disasters
Very interesting research on AI modeling climate damage to cities. Using ‘digital twins’ technology, they created an evolving virtual model of Calgary based on real data, which accurately predicted the catastrophic 2013 flood, allowing them to suggest ways the city could have mitigated its impact. (Adobe image) BY Andrea Lawson July 11, 2024 Canadian cities … Continue reading McMaster researchers create predictive AI models to protect cities from climate damage