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# April 27, 2016: Readying for Japan's X Day Quake, AIG Backs Duperreault and Munich Re Warns 
- URL: https://www.riskmarketnews.com/april-27-2016-readying-japans-x-day-quake-aig-backs-duperreault-munich-re-warns/
- Published: 2016-04-27T07:59:00.000Z
- Updated: 2016-04-27T07:59:00.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Tokyo Races Against Quake That Will Shake World on \`X’ Day](http://www.bloomberg.com/news/articles/2016-04-26/tokyo-races-against-quake-that-will-shake-the-world-on-x-day?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-04-26/tokyo-races-against-quake-that-will-shake-the-world-on-x-day?ref=riskmarketnews.com)

Office building windows shatter, trains derail and cars plunge from buckling bridges. It all happens at 4:35 p.m. on a day dubbed “Tokyo’s X Day.”

### [Asia’s Coasts to Experience Most Extreme Weather](http://phys.org/news/2016-04-asias-coasts-extreme-weather.html?ref=riskmarketnews.com)

#### [Phys.org](http://phys.org/news/2016-04-asias-coasts-extreme-weather.html?ref=riskmarketnews.com)

Over the next 50 years, people living at low altitudes in developing countries, particularly those in coastal Asia, will suffer the most from extreme weather patterns.

### [Helio Gimmicks](http://www.snopes.com/nasa-reports-magnetosphere-collapse/?ref=riskmarketnews.com)

#### [Snopes](http://www.snopes.com/nasa-reports-magnetosphere-collapse/?ref=riskmarketnews.com)

A conspiracy-oriented web site claimed that that Earth’s magnetosphere “COLLAPSED” for two hours, but NASA confirmed the incident was a software glitch — and that such fluctuations aren’t doomsday events.

### [Hurricane Names Patricia, Joaquin and Erika Retired](http://www.usatoday.com/story/weather/2016/04/26/hurricane-names-retired-patricia-joaquin-erika-retired/83546328/?ref=riskmarketnews.com)

#### [USA Today](http://www.usatoday.com/story/weather/2016/04/26/hurricane-names-retired-patricia-joaquin-erika-retired/83546328/?ref=riskmarketnews.com)

The World Meteorological Organization on Monday retired the three names from its rotating list used for hurricanes and tropical storms in light of the death and destruction the storms caused last year.

## Risk Business: What You Need to Read Today

### [AIG to Join Two Sigma, Duperreault in Technology Venture](http://www.bloomberg.com/news/articles/2016-04-26/aig-to-join-with-two-sigma-in-tech-driven-insurance-venture?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-04-26/aig-to-join-with-two-sigma-in-tech-driven-insurance-venture?ref=riskmarketnews.com)

The deal reunites AIG with Brian Duperreault, a former executive at the New York-based company.

### [Munich Re’s CEO Warns of Drop in First-Quarter Profits](http://www.dailymail.co.uk/wires/reuters/article-3561298/Munich-Res-CEO-warns-drop-quarter-profits.html?ref=riskmarketnews.com)

#### [Reuters](http://www.dailymail.co.uk/wires/reuters/article-3561298/Munich-Res-CEO-warns-drop-quarter-profits.html?ref=riskmarketnews.com)

“You must not assume that in 2016 we will once again beat our full-year target.”

### [Axis Capital Operating Profit Falls 39%](http://www.wsj.com/articles/axis-capital-operating-profit-falls-39-1461705934?ref=riskmarketnews.com)

#### [WSJ (sub may be required)](http://www.wsj.com/articles/axis-capital-operating-profit-falls-39-1461705934?ref=riskmarketnews.com)

The insurer’s net investment declines while costs rise.

### [Deadlock worsens between Gov. Scott and CFO Jeff Atwater Over Next Insurance Commissioner](http://www.miamiherald.com/news/state/florida/article74070852.html?ref=riskmarketnews.com)

#### [Miami Herald](http://www.miamiherald.com/news/state/florida/article74070852.html?ref=riskmarketnews.com)

The prolonged battle between Scott and Atwater affects one of the most important non-elected positions in state government.