{"id":9734,"date":"2013-09-21T12:00:51","date_gmt":"2013-09-21T16:00:51","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=9734"},"modified":"2013-09-21T14:14:07","modified_gmt":"2013-09-21T18:14:07","slug":"investing-in-disasters","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2013\/investing-in-disasters\/","title":{"rendered":"Investing In Disasters"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/09\/092113_0743_InvestingIn1.jpg\" width=\"640\" height=\"511\" \/><\/p>\n<p>Simone Foxman wrote about the deceptively innocent sounding &#8220;cat bonds&#8221;:<\/p>\n<ul>\n<li>Catastrophe bonds \u2013 often known as &#8220;cat bonds&#8221; \u2013 are a loan that institutions can take out to slowly be repaid with interest over the years. The twist? If catastrophe strikes then the loans don&#8217;t have to be repaid.<\/li>\n<li>New York&#8217;s Transit Authority issued cat bonds where if another Hurricane Sandy like event were to bring down the subway system and create costs exceeding a certain amount then it wouldn&#8217;t have to pay back that loan.<\/li>\n<li>Since the financial crisis cat bonds have been the fifth best performing asset class \u2013 meaning that investing in them would have led to relatively substantial gains.<\/li>\n<li>Halfway through 2013 about $4.17 billion in cat bonds had been issued<\/li>\n<li>However investors should be wary \u2013 major environmental events are more likely to happen as a result of climate change, and the bonds are rated as &#8220;well below investment grade&#8221;<\/li>\n<\/ul>\n<p>Read more about the bonds <a href=\"http:\/\/qz.com\/126587\/betting-on-natural-disasters-has-been-one-of-the-best-investments-since-the-financial-crisis\/\">here<\/a> and <a href=\"http:\/\/qz.com\/96103\/not-pleased-with-your-yield-less-investments-invest-in-doom\/\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/qz.com\/126587\/betting-on-natural-disasters-has-been-one-of-the-best-investments-since-the-financial-crisis\/\">Quartz<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Simone Foxman wrote about the deceptively innocent sounding &#8220;cat bonds&#8221;: Catastrophe bonds \u2013 often known as &#8220;cat bonds&#8221; \u2013 are a loan that institutions can take out to slowly be repaid with interest over the years. The twist? If catastrophe strikes then the loans don&#8217;t have to be repaid. New York&#8217;s Transit Authority issued cat [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/09\/092113_0743_InvestingIn1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=9734"}],"version-history":[{"count":3,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9734\/revisions"}],"predecessor-version":[{"id":9739,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9734\/revisions\/9739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/9733"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=9734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=9734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=9734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}