27 Aug 2007
In Nature’s Casino

Long but fascinating article on insurance, math and catastrophe.

It was Aug. 24, 2005, and New Orleans was still charming. Tropical Depression 12 was spinning from the Bahamas toward Florida, but the chances of an American city’s being destroyed by nature were remote, even for one below sea level.

(link) [New York Times Magazine]

06:12 /Technology | 0 comments | permanent link