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# August 12, 2016: Florida Insurer Drops Rate Hike, Northwest Quake Risk Worries and China's Natural Disease Lab
- URL: https://www.riskmarketnews.com/august-12-2016-florida-insurer-drops-rate-hike-northwest-quake-risk-worries-chinas-natural-disease-lab/
- Published: 2016-08-12T08:12:48.000Z
- Updated: 2016-08-12T08:12:48.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Atlantic Hurricane Season Still Expected to be Strongest Since 2012](http://phys.org/news/2016-08-atlantic-hurricane-season-strongest.html?ref=riskmarketnews.com)

#### [Phys.org](http://phys.org/news/2016-08-atlantic-hurricane-season-strongest.html?ref=riskmarketnews.com)

Forecasters now expect a 70-percent chance of 12–17 named storms, of which 5–8 are expected to become hurricanes, including 2–4 major hurricanes.

### [A Major Earthquake in the Pacific Northwest Looks Even Likelier](http://www.theatlantic.com/science/archive/2016/08/a-major-earthquake-in-the-pacific-northwest-just-got-more-likely/495407/?ref=riskmarketnews.com)

#### [The Atlantic](http://www.theatlantic.com/science/archive/2016/08/a-major-earthquake-in-the-pacific-northwest-just-got-more-likely/495407/?ref=riskmarketnews.com)

There is a 17 to 20 percent chance that northern Oregon will be hit by a magnitude-8 quake in the next 50 years.

### [Why Southern China is a Hotbed for Disease Development](http://www.pbs.org/newshour/bb/southern-china-hotbed-disease-development/?ref=riskmarketnews.com)

#### [PBS Newshour (video)](http://www.pbs.org/newshour/bb/southern-china-hotbed-disease-development/?ref=riskmarketnews.com)

Factors such as daily wildlife trade and sewage-filled rivers have repeatedly led to the rise of new viruses in one China region.

### [Houston Mayor Backs ‘Ike Dike’ Storm-Surge Protection Proposal](http://www.chron.com/news/houston-texas/article/Houston-Mayor-Sylvester-Turner-endorses-Ike-9136652.php?ref=riskmarketnews.com)

#### [Houston Chronicle](http://www.chron.com/news/houston-texas/article/Houston-Mayor-Sylvester-Turner-endorses-Ike-9136652.php?ref=riskmarketnews.com)

The coastal barrier would cost an estimated $6 billion.

## Risk Business: What You Need to Read Today

### [Surprising Stability From Munich Re](https://global.handelsblatt.com/edition/491/ressort/finance/article/surprising-stability-from-munich-re?ref=riskmarketnews.com)

#### [Handlesblatt](https://global.handelsblatt.com/edition/491/ressort/finance/article/surprising-stability-from-munich-re?ref=riskmarketnews.com)

While the entire industry is struggling, departing Chief Executive Nikolaus von Bomhard may have a surprise up his sleeve at the end of his tenure.

### [Hastings CEO: Insurance Premiums Soaring](http://www.bloomberg.com/news/audio/2016-08-11/hastings-ceo-insurance-premiums-soaring?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/audio/2016-08-11/hastings-ceo-insurance-premiums-soaring?ref=riskmarketnews.com)

Hastings outperforms while growing pressure on premiums makes profitability in the insurance industry increasingly difficult.

### [Business Groups Petition China’s Premier on Cyber Rules](http://in.reuters.com/article/us-cyber-china-business-idINKCN10M1DN?ref=riskmarketnews.com)

#### [Reuters](http://in.reuters.com/article/us-cyber-china-business-idINKCN10M1DN?ref=riskmarketnews.com)

New regulations, as well as cyber rules from China’s insurance regulator, include provisions for invasive government security reviews and onerous requirements to keep data in China.

### [State’s Largest Insurer Withdraws 8.1 Percent Rate-Hike Request for South Florida](http://www.sun-sentinel.com/business/consumer/fl-home-insurer-pulls-rate-hike-20160811-story.html?ref=riskmarketnews.com)

#### [Sun Sentinel](http://www.sun-sentinel.com/business/consumer/fl-home-insurer-pulls-rate-hike-20160811-story.html?ref=riskmarketnews.com)

Universal Property & Casualty has withdrawn a request for a rate hike throughout the tri-county region after state regulators questioned whether it was “unfairly discriminatory.”