The Business of Betting on Catastrophe
The Business of Betting on Catastrophe World Bank pandemic bonds paid out only after death tolls passed a threshold. They’re part of a booming market where investors turn calamity into capital. Adobe Stock/MITP Reader By: Susan Erikson A↑ A↓ Off Bright Dark Blues Gray BeeLine Reader uses subtle color gradients to help you read more efficiently. The pandemic bonds — a financial device made up by one of the world’s most powerful institutions, the World Bank — can seem like a great idea f