August 1, 2016: Wildfires and WUI Worries, AIG's Low Rate Warning and Tyhpooning China's Expansion
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August 1, 2016: Wildfires and WUI Worries, AIG's Low Rate Warning and Tyhpooning China's Expansion

Risk Science: What You Need to Read Today

Cities In Southern California Can’t Escape The Fire At Their Door

FiveThirtyEight

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

Scientific American

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

NBC

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

Quartz

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

FT (sub may be required)

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

Fosun Plans Asset Sales in Reversal of $15 Billion M&A Spree

Bloomberg

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?

Business Standard

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

IAG Considers Special Dividend as Low Returns Stymie Growth Opportunities

Australian Financial Review

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.

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