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The “Indemnity Trap”: Why Outdated Legal Models are Deferring the Promise of Parametric Insurance
Parametric insurance is often marketed as the “clean” alternative to traditional risk transfer. The pitch is compelling: if a hurricane hits a specific GPS coordinate at a specific intensity, a predetermined payment is triggered. No adjusters, no haggling, no years of litigation. But for many, this promise is being hindered by a foundational legal concept:…
