Risk Science: What You Need to Read Today
Sizing Up the Tsunami Threat
Hakai
Scientists are surveying the East Coast for signs of tsunami-generating submarine landslides.
Amber Rainstorm Signal Cancelled, But Another Storm Looms for Hong Kong in Form of Possible Typhoon
South China Morning Post
Heavy rains led to city-wide school closures and risk of flooding in some areas.
Wildfire Threatens Thousands of Homes in Southern California
AP
A wildfire threatening homes in Southern California’s rugged San Bernardino Mountains grew to over 12 square miles Tuesday.
Asia Must Invest More in Disaster Risk Reduction: Red Cross
Reuters
Asia-Pacific is the world’s most disaster-prone region according to the United Nations.
Risk Business: What You Need to Read Today
Expanding Scope for Acquisitions, Berkshire Cash Pot Grows
WSJ (sub may be required)
And one question for investors, or companies interested in selling themselves, is how much of that cash the company realistically has to spend.
AIG CEO Says Too-Big-to-Fail Exit Not Among Top Priorities
Bloomberg
“Of all of the strategic issues that we face as a leadership team, this doesn’t even make the top 10.”
How London Market Insurers are Responding to the Perfect Storm of Challenges
PwC
Four key areas in which we are seeing reinsurers refocus capital, investment and expertise in reaction to developments in the market.
Catastrophe Bonds are Attracting More and More Investors and Reinsurers
Les Echos (French only)
Investors are speculating more on disaster risk, which is more profitable than the conventional bond market.
