catastrophe and disaster. Listed as synonymous, they nevertheless have their nuances. The subject has been discussed in these pages on other occasions, at about the time of the Metropolitan Life ...

Surely, then, it is a bad time to own catastrophe bonds ... large premium reflects differences in how easily catastrophes can be modelled. No natural disaster is predictable, but some are more ...

Marie LaFauci / Getty Images Catastrophe insurance is a type of coverage that protects businesses and residences from financial losses due to natural disasters like earthquakes and floods ...