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Mta Sandy

WNYC News

Betting on the Next Catastrophe

Monday, August 19, 2013

WNYC

Brisk sales of a relatively new financial instrument called a catastrophe bond could help governments pay for disasters.

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Transportation Nation

MTA Asks Investors to Bet Against Another Sandy

Tuesday, July 16, 2013

WNYC

In the first move of its kind by any U.S. transit agency, New York's MTA is is selling a "catastrophe bond" to investors so that it gets paid if there’s a Sandy-style storm over the next 3 years.

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