A method and system are provided for the classification, bundling and securitization of insurance risks and the sale of those risks in domestic and international financial and capital markets in the form of bonds, debentures, exchange-traded funds and/or types of securities which are currently, or in the future may be capable of being publicly listed in connection with either a primary or secondary offering and tradable over the counter or on an appropriate exchange, such as NASDAQ, NYSE, and The London Stock Exchange. A supplemental catastrophic insurance policy application, issuance and claims payment method and system utilize a debit card that is issued with the policy and subsequently credited with a predetermined percentage of the policy limit for use by the policyholder essentially immediately after verification of the occurrence of an insured event in the U.S. Postal Service zip where the property is located and without the filing of a claim; following receipt of an electronically-filed verified claims form from the insured, up to the remaining unpaid policy limit is credited to the debit card account.
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