Hurricane Polo losing steam, still expected to cause damage; all eyes on cat bond triggers

Hurricane Polo, bearing down on Mexico’s Baja Peninsula, is losing intensity but still scheduled to make landfall later today (September 28) and, depending on location and severity, could trigger parametric payouts totalling $595 million in cat bonds issued by the World Bank.

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Hurricane Polo losing steam, still expected to cause damage; all eyes on cat bond triggers

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