Into the tempest


Was last year's US hurricane season the worst-case scenario or a sign that weather systems are changing and that states on the Atlantic coast can expect similar, or even more severe, storms in the future? This, says John Brynjolfsson, a portfolio manager at California-based asset manager Pimco, is the question nagging away at all participants involved in natural catastrophe risk markets. Although scientists continue to debate the precise cause, a consensus has emerged among climatologists that

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