What Is Catastrophe Accumulation? In the insurance industry, the term “catastrophe accumulation” refers to the aggregate claims that would need to be paid if one or more catastrophes were to occur across an entire region. In this sense, the catastrophe accumulation is a type of estimate of potential damages caused by catastrophes such as earthquakes
What Is a Catastrophe Bond (CAT)? A catastrophe bond (CAT) is a high-yield debt instrument that is designed to raise money for companies in the insurance industry in the event of a natural disaster. A CAT bond allows the issuer to receive funding from the bond only if specific conditions, such as an earthquake or
What Is Catastrophe Excess Reinsurance? Catastrophe excess reinsurance protects catastrophe insurers from financial ruin in the event of a large-scale natural disaster. For instance, if a regional insurer covers 60% of the properties along a coastline affected by a storm surge, it can be suddenly hit with multiple claims that must be paid out in
What Is a Catastrophe Hazard? In the insurance industry, a catastrophe hazard is a type of risk that could cause a large number of policyholders to file claims at the same time. Common examples of catastrophe hazards include earthquakes, tornadoes, or acts of terrorism. Catastrophe hazards can be particularly costly for insurance companies. For this
What Is Catastrophe Insurance? Catastrophe insurance protects businesses and residences against natural disasters such as earthquakes, floods, and hurricanes, and against human-made disasters such as a riot or terrorist attack. These low-probability, high-cost events are generally excluded from standard homeowners insurance policies. Key Takeaways Though they both deal with protecting a home, catastrophe and homeowners insurance
What Is a Catastrophe Swap? A catastrophe swap is a customizable financial instrument traded in the over-the-counter (OTC) derivatives market that enables insurers to guard against massive potential losses resulting from a major natural disaster, such as a hurricane or earthquake. These instruments enable insurers to transfer some of the risks they’ve assumed through policy
Japapeno pepper seed Slice open a hot pepper and you will see tiny blisterlike sacs on the inner wall of the pepper. These sacs contain capsaicinoids or organic chemicals. Capsaicinoids make peppers hot. The more sacs you see on the inside of a pepper the hotter the pepper will be. When a pepper is cut
A tomato-rich sauce for pasta is a variation on a theme. You know your favorite pasta sauce and when the tomato harvest comes in summer, you have the opportunity to can your favorite tomato-based sauces for the year to come and capture the flavors of summer. There are quick ways to put up pasta sauce
How to Choose Chili Peppers–Jalapeno, Thai, Serrano, Habanero, Scotch Bonnet The potent spicy heat you experience eating chili peppers is caused by capsaicin, a colorless, odorless, waxy compound found in the white pith of the pepper’s inner wall where the seeds are attached. Capsaicin is an irritant to most mammals—including humans; the sensation it leaves
Planting Garlic: Garlic requires a long season for optimal yield; garlic’s long season of growth must include 6 or more weeks of chilly weather for optimal bulb or head production. Garlic is a cool-weather perennial plant commonly planted in the cool of autumn or in early spring. Garlic–which is often classified as an herb–is grown
