Brokers: Okla. tornado stirs caution among catastrophe-bond investors

05/21/2013 | Reuters

Catastrophe-bond investors may not have to cover part of the impact of Monday's tornado in Oklahoma because the total losses could be insufficient to result in a payout, according to fund managers. Investors, however, are growing cautious as forecasters predict more extreme-weather events that could trigger a payout, brokers and fund managers said.

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