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It’s not all bad news on the insurance front in the mass media. For one, I was pleasantly surprised to see an intelligent story about catastrophe futures gracing the cover of “The New York Times” magazine on Aug. 26, headlined: “In Nature’s Casino.” The piece focused on the efforts of one individual to figure out a way for the financial markets to profitably take on some of the risk of natural disasters. Can cat bonds make a big difference in today’s disaster-shy insurance market?

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