What Is Parametric Insurance?

Parametric describes a type of insurance that works differently than the conventional “indemnification” insurance types (e.g. Home, Life, Auto)  familiar to most consumers. Parametric insurance involves a special type of financial contract that transfers money to policyholders upon the occurrence of specific, predefined events.

Parametric insurance contracts define the characteristics or thresholds of events that will trigger payments. Those characteristics are also known as the events’ “parameters” (thus the name “parametric.”)

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The Worst Places to Be When an Earthquake Strikes

We’ve secured our bookshelves, packed go-kits, and set emergency plans. We like to think we’ll be cozy at home when the “Big One” hits. But, consider the worst-case scenarios: What are the most dangerous places to be when a major earthquake happens? We explore three earthquake danger spots.

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