Remove money earthquake-insurance
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Will black swans cross green swans?

Simply Treasury

Of course, a climate catastrophe is not always foreseeable, think of Fukushima tsunami, recent earthquakes, especially in Turkey and in Italy. We know that an area is at risk, but the magnitude of an earthquake can be exceptional and reach top range level on the Richter scale. They could be the most dangerous of all.

Banking 52
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Catastrophic Risk: Investing and Business Implications

Musings on Markets

It is no coincidence that the insurance business, as we know it, traces its history back to those days as well. Insurable Risk: Some catastrophic risks can be insured against, and even if firms choose not to avail themselves of that insurance, the presence of the insurance option can ease the intrinsic valuation process.