It is often said (by our boss, Nigel Morris-Cotterill) that those who succumb to Nigerian (419) frauds are either greedy or stupid. And that old scams never die, they just hibernate for a while and that spam-scammers often time their contact to hit while people are in a sanguine or relaxed state of mind. This spam-scam, he says, proves all of that.
The World Bank, the leading provider of natural disaster risk insurance for emerging and developing countries, has issued catastrophe bonds that will provide a total of USD1,36 million in earthquake cover to Chile, Colombia, Mexico and Peru.
