> ## Content Index
> Fetch the complete content index at: https://www.riskmarketnews.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# August 1, 2016: Wildfires and WUI Worries, AIG's Low Rate Warning and Tyhpooning China's Expansion
- URL: https://www.riskmarketnews.com/august-1-2016-wildfires-wui-worries-aigs-low-rate-warning-tyhpooning-chinas-expansion/
- Published: 2016-08-01T07:27:36.000Z
- Updated: 2016-08-01T07:27:36.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Cities In Southern California Can’t Escape The Fire At Their Door](http://fivethirtyeight.com/features/cities-in-southern-california-cant-escape-the-fire-at-their-door/?ref=riskmarketnews.com)

#### [FiveThirtyEight](http://fivethirtyeight.com/features/cities-in-southern-california-cant-escape-the-fire-at-their-door/?ref=riskmarketnews.com)

Though the majority of the land scorched wildfires is public and less developed, flames have also spilled into the “wildland-urban interface.”

### [Hurricane Drought Hits a New Record](http://www.scientificamerican.com/article/hurricane-drought-hits-a-new-record/?ref=riskmarketnews.com)

#### [Scientific American](http://www.scientificamerican.com/article/hurricane-drought-hits-a-new-record/?ref=riskmarketnews.com)

A hurricane has not appeared in the Gulf of Mexico in almost three years.

### [Two Dead, 100 Rescued After Flooding Causes ‘Tremendous Devastation’ in Maryland](http://www.nbcnews.com/news/weather/one-dead-100-rescued-after-flooding-causes-tremendous-devastation-maryland-n620416?ref=riskmarketnews.com)

#### [NBC](http://www.nbcnews.com/news/weather/one-dead-100-rescued-after-flooding-causes-tremendous-devastation-maryland-n620416?ref=riskmarketnews.com)

Almost 6 inches of rain fell in Ellicott City from 7 p.m. to 9 p.m., the equivalent of a full month’s normal rainfall.

### [It’s Typhoon Season in the South China Sea—and China’s Fake Islands Could be Washed Away](http://qz.com/745511/international-law-isnt-the-most-powerful-threat-to-chinas-artificial-islands-in-the-south-china-sea-nature-is/?ref=riskmarketnews.com)

#### [Quartz](http://qz.com/745511/international-law-isnt-the-most-powerful-threat-to-chinas-artificial-islands-in-the-south-china-sea-nature-is/?ref=riskmarketnews.com)

Nature may prove to be an even more powerful threat than international law.

## Risk Business: What You Need to Read Today

### [AIG Set for Lowest Second-Quarter Profit Since Financial Crisis](https://next.ft.com/content/c856056e-5346-11e6-befd-2fc0c26b3c60?ref=riskmarketnews.com)

#### [FT (sub may be required)](https://next.ft.com/content/c856056e-5346-11e6-befd-2fc0c26b3c60?ref=riskmarketnews.com)

AIG cuts its forecasts show low interest rates are hurting insurers.

### [Fosun Plans Asset Sales in Reversal of $15 Billion M&A Spree](http://www.bloomberg.com/news/articles/2016-07-31/fosun-plans-sale-of-assets-in-reversal-of-15-billion-m-a-spree?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-07-31/fosun-plans-sale-of-assets-in-reversal-of-15-billion-m-a-spree?ref=riskmarketnews.com)

Emerging from the junk stigma, which would benefit its key insurance business, has become such a priority for Bosun.

### [An Insurance Pool to Cover Natural Disasters?](http://www.business-standard.com/article/finance/an-insurance-pool-to-cover-natural-disasters-116073000994%5F1.html?ref=riskmarketnews.com)

#### [Business Standard](http://www.business-standard.com/article/finance/an-insurance-pool-to-cover-natural-disasters-116073000994%5F1.html?ref=riskmarketnews.com)

Losses likely to be high this financial year, due to a spate of floods across north and east India.

### [I](http://www.afr.com/business/banking-and-finance/financial-services/iag-considers-special-dividend-as-low-returns-stymie-growth-opportunities-20160731-gqhhxu?ref=riskmarketnews.com)[AG Considers Special Dividend as Low Returns Stymie Growth Opportunities](http://www.afr.com/business/banking-and-finance/financial-services/iag-considers-special-dividend-as-low-returns-stymie-growth-opportunities-20160731-gqhhxu?ref=riskmarketnews.com)

#### [Australian Financial Review](http://www.afr.com/business/banking-and-finance/financial-services/iag-considers-special-dividend-as-low-returns-stymie-growth-opportunities-20160731-gqhhxu?ref=riskmarketnews.com)

The insurer inked a deal with Warren Buffett’s Berkshire Hathaway last year that resulted in the company sitting on a pile of excess capital after ditching its China plans.