August 12, 2016: Florida Insurer Drops Rate Hike, Northwest Quake Risk Worries and China's Natural Disease Lab
1 min read

August 12, 2016: Florida Insurer Drops Rate Hike, Northwest Quake Risk Worries and China's Natural Disease Lab

Risk Science: What You Need to Read Today

Atlantic Hurricane Season Still Expected to be Strongest Since 2012

Phys.org

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

The Atlantic

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

PBS Newshour (video)

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

Houston Chronicle

The coastal barrier would cost an estimated $6 billion.

Risk Business: What You Need to Read Today

Surprising Stability From Munich Re

Handlesblatt

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

Bloomberg

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

Business Groups Petition China’s Premier on Cyber Rules

Reuters

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

Sun Sentinel

Universal Property & Casualty has withdrawn a request for a rate hike throughout the tri-county region after state regulators questioned whether it was “unfairly discriminatory.”

Enjoying these posts? Subscribe for more

Subscribe now
Already have an account? Sign in
You've successfully subscribed to Risk Market News.
Success! Your account is fully activated, you now have access to all content.
Success! Your billing info is updated.