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<p dir="ltr">A few years ago, the Jamaican government started making an unusual financial bet. It went to investors around the world asking if they'd like to wager on the chances a major hurricane would hit the island in the next couple of years. <br><p dir="ltr">In finance terms, these kinds of wagers are called "catastrophe bonds." They're a way to get investors to share the risk of a major disaster, whether that's a Japanese earthquake, a California wildfire, or a Jamaican hurricane. <br><p dir="ltr">This market for catastrophe has gotten really hot lately. And it’s changing the way that insurance works for all of us. <em><br></em><p dir="ltr"><em><a href="https://www.planetmoneybook.com/"target="_blank" >Pre-order the Planet Money book and get a free gift</a>. / <a href="https://n.pr/3HlREPz"target="_blank" >Subscribe to Planet Money+</a></em><em><br></em><p dir="ltr"><em>Listen free: <a href="http://n.pr/PM-digital"target="_blank" >Apple Podcasts</a>, <a href="https://n.pr/...