10 was the cat that was charlie when it hit florida.
10 was the cat that was charlie when it hit florida.
what cat was charlie when it hit florida?
10
the marlins' first manager was rene lachemann, a former catcher who had previously managed the seattle mariners and milwaukee brewers, and who at the time of his hiring was a third base coach for the oakland athletics. the team drafted its initial lineup of players in the 1992 mlb expansion draft. the marlins defeated the houston astros 12–8 in their inaugural spring training game. jeff conine hit florida's first homer before a crowd of 6,696 at the cocoa expo sports complex. the marlins won their first game on april 5, , against the dodgers. charlie hough was the starting pitcher for that game. jeff conine went 4-4 as well, making him an immediate crowd favorite. by the end of his tenure with florida, he would earn the nickname "mr. marlin." gary sheffield and bryan harvey represented the marlins as the club's first all-star game selections, and sheffield homered in the marlins first all-star game at-bat. the team finished the year five games ahead of the last-place new york mets and with an attendance of 3,064,847. in that season, the marlins traded their young set-up reliever trevor hoffman and two minor-league prospects to the san diego padres for third baseman gary sheffield. while sheffield helped florida immediately and became an all-star, hoffman eventually emerged as the best closer in the national league. after the 1993 season, donald a. smiley was named the second president in club history. the marlins finished last (51–64) in their division in the strike-shortened season of and fourth (67-76) in . lachemann was replaced as manager midway through the by director of player development john boles.
history of the miami marlins
for example, if an insurer has built up a portfolio of risks by insuring properties in florida, then it might wish to pass some of this risk on so that it can remain solvent after a large hurricane. it could simply purchase traditional catastrophe reinsurance, which would pass the risk on to reinsurers. or it could sponsor a cat bond, which would pass the risk on to investors. in consultation with an investment bank, it would create a special purpose entity that would issue the cat bond. investors would buy the bond, which might pay them a coupon of libor plus a spread, generally (but not always) between 3 and 20%. if no hurricane hit florida, then the investors would make a positive return on their investment. but if a hurricane were to hit florida and trigger the cat bond, then the principal initially contributed by the investors would be transferred to the sponsor to pay its claims to policyholders. the bond would technically be in default and be a loss to investors.
catastrophe bond