As much as 70 percent of the expense will be tied to residential properties, and insurers will also pay claims related to business interruption and vehicle damage.

Cat bonds add layers of complexity. Without technology, tracking losses and other information is daunting.

If you dont have the foundations in place, you may have a successful campaign, but not one that converts to sales.

The storm was the hardest to hit the southern Fujian province since 1949, according to Chinas official Xinhua News Agency.