Michał Balcerek

In 1992, Hurricane Andrew tore through Florida, leaving insurers with $$15.5 billion in losses. Many companies went bankrupt, and the market devised a way to shift disaster risk onto investors: catastrophe bonds. These securities pay generous coupons as long as a specified disaster does not occur, such as a hurricane of a certain strength or an earthquake in a particular region.

Toss a handful of sand onto a table — the grains scatter equally in all directions. But if a magnet is hidden under the table and the sand is iron, the trajectories get trickier: an invisible structure overlays the chaos. That's roughly how molecular motion works inside a living cell.