Former White House Cyber Official Proposes Catastrophe Bonds to Address China Infrastructure Threats
A former NSC cyber told lawmakers that critical infrastructure operators should be required to purchase catastrophic insurance coverage as Chinese-manufactured components dominate 93% of global transportation sensors.
Read next
Florida’s Push to Privatize Hurricane Risk Is Fueling the Global Cat-Bond Boom
Private insurers absorbing Citizens policies have grown from a marginal presence to a persistent source of catastrophe-bond demand.