CBOT launches trading in CAT ins. futures. (Chicago Board of Trade, catastrophic insurance): An article from: National Underwriter Property & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on December 21, 1992. The length of the article is 2147 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The Chicago Board of Trade (CBOT) expects that the property and casualty insurance industry will become more involved in purchasing catastrophic insurance futures, despite selling only 15 futures in each of the first two days of trading. CBOT spent $2 million over two years planning for the first catastrophic futures ever issued. The futures, currently approved for only Illinois insurers, give reinsurers and insurers hedges against losses from natural disaster claims.

Citation Details
Title: CBOT launches trading in CAT ins. futures. (Chicago Board of Trade, catastrophic insurance)
Author: Brian Cox
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: December 21, 1992
Publisher: The National Underwriter Company
Issue: n51 Page: p27(1)

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