Catastrophe bonds are insurance-linked securities that offset major costs to taxpayers and insurers caused by natural disasters such as hurricanes and earthquakes. Cat bonds, as they are known, work ...

In many communities at high risk for natural disasters, a Wall Street financing tool that's gaining popularity, called a catastrophe bond, may make it easier for homeowners to get insurance. On Oak ...

THE SCENES of devastation in Los Angeles were just the latest in a recent barrage. Last year hurricanes in the Atlantic, earthquakes in Japan and flooding in Europe all carried huge financial and ...