When John Fogerty musically asked “Who'll Stop the Rain?” 40 years ago, he was pondering the world's disquiet. But given the economic and insured damage from natural catastrophes that deluged the U.S. and the rest of the world in 2011, the question today is relevant and literal.

Property owners would welcome a reprieve from rain—as well as wind, earthquakes, tsunamis and terrorism risks. But the next-best thing to a futuristic weather-control machine and world peace is the assurance that property owners can continue to count on commercial insurers and public funds for assistance in covering the cost of catastrophe losses.

Insurance capacity for catastrophic perils remains available for increasingly at-risk buyers. The stable catastrophe bond market continues to help insurers and reinsurers maintain their capacity, according to experts.