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The notion of securitizing catastrophe risks became prominent in the aftermath of Hurricane Andrew, notably in work published by Richard Sandor, Kenneth Froot, and a group of professors at the Wharton School who were seeking vehicles to bring more risk-bearing capacity to the catastrophe reinsurance market.
Gilt-edged securities, also referred to as gilts, are bonds issued by the UK Government. The term is of British origin, and then referred to the debt securities issued by the Bank of England on behalf of His Majesty's Treasury, whose paper certificates had a gilt (or gilded) edge, hence the name.
An obligation is a course of action which someone is required to take, be it a legal obligation or a moral obligation.Obligations are constraints; they limit freedom.People who are under obligations may choose to freely act under obligations.
This article was reviewed by Kelly Brown MD, MBA. If you’ve just started taking Cialis, don’t be alarmed if you feel a little off. Like other medications for the treatment of (ED), Cialis ...
U.S. manufacturing activity contracted further in December, with a measure of factory output dropping to the lowest level in more than 4-1/2 years amid worries that higher tariffs would raise ...
"In reality," he said, "foodborne illnesses can lead to severe and long-lasting health issues, hospitalization or even death, especially for vulnerable populations like the immunocompromised ...
Dick Van Dyke knows he won't be around forever, but when death comes, he won't be afraid.. The legendary entertainer, 98, stars in Coldplay's latest music video for their song, "All My Love," and ...
Eventually, Costley decided to post the photo she found on TikTok to share with her friends and family, and pay a little tribute to her late dogs on her social media. But then, to her surprise ...