Catastrophe futures are designed to hedge extreme losses of natural disasters for property-casualty insurance companies.

Name: Catastrophe futures are designed to hedge extreme losses of natural disasters for property-casualty insurance companies.
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Catastrophe futures contracts are indeed designed to provide insurance companies with a way to manage and hedge extreme losses resulting from natural disasters such as hurricanes, earthquakes, and wildfires.

Catastrophe Futures Are Designed to Hedge Extreme Losses of Natural