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# August 18, 2016: Louisiana Floods Will Redraw Maps, Reinsurance Counterparty Worries and a Queensland Quake
- URL: https://www.riskmarketnews.com/august-18-2016-louisiana-floods-will-redraw-maps-reinsurance-counterparty-worries-queensland-quake/
- Published: 2016-08-18T08:18:31.000Z
- Updated: 2016-08-18T08:18:31.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Fires, Floods, and Scorchers: Earth Destroys Yet Another Heat Record](http://www.bloomberg.com/news/features/2016-08-17/fires-floods-and-scorchers-earth-destroys-yet-another-heat-record?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/features/2016-08-17/fires-floods-and-scorchers-earth-destroys-yet-another-heat-record?ref=riskmarketnews.com)

July was the hottest on record, the 15th consecutive record-breaking month.

### [Major Chinese Cities Can’t Seem to Figure out Basic Drainage and Flood Prevention](http://qz.com/759177/major-chinese-cities-cant-seem-to-figure-out-basic-drainage-and-flood-prevention/?ref=riskmarketnews.com)

#### [Quartz](http://qz.com/759177/major-chinese-cities-cant-seem-to-figure-out-basic-drainage-and-flood-prevention/?ref=riskmarketnews.com)

Various government departments in municipalities across the country have failed to move past bureaucratic hurdles of flood prevention.

### [Queensland Earthquake ‘Biggest in 20 Years](https://www.theguardian.com/australia-news/2016/aug/18/queensland-earthquake-biggest-in-20-years?ref=riskmarketnews.com)

#### [The Guardian](https://www.theguardian.com/australia-news/2016/aug/18/queensland-earthquake-biggest-in-20-years?ref=riskmarketnews.com)

The 5.8 magnitude quake hit off Bowen in state’s north triggering evacuations in Cairns and Townsville but no serious injuries or damage reported.

### [Could the Answer to Zika Already Be Sitting Behind the Counter at Your CVS?](https://psmag.com/could-the-answer-to-zika-already-be-sitting-behind-the-counter-at-your-cvs-b757ee588d7a?ref=riskmarketnews.com#.xgtybgfpq)

#### [Pacific Standard](https://psmag.com/could-the-answer-to-zika-already-be-sitting-behind-the-counter-at-your-cvs-b757ee588d7a?ref=riskmarketnews.com#.xgtybgfpq)

Some FDA-approved drugs, including the anti-depressant Zoloft, might be useful for treating Zika infections.

## Risk Business: What You Need to Read Today

### [Are Counterparty Arrangements in Reinsurance a Threat to Financial Stability?](http://www.bankofcanada.ca/wp-content/uploads/2016/08/swp2016-39.pdf?ref=riskmarketnews.com)

#### [Bank of Canada (direct to PDF)](http://www.bankofcanada.ca/wp-content/uploads/2016/08/swp2016-39.pdf?ref=riskmarketnews.com)

Interconnectedness among insurers and reinsurers at a global level may pose a significant risk to the sector.

### [Disasters Claim Fewer Lives This Year but Cost Insurers More – Swiss Re](http://news.trust.org/item/20160818095145-2n895?ref=riskmarketnews.com)

#### [Reuters](http://news.trust.org/item/20160818095145-2n895?ref=riskmarketnews.com)

Insurers covered a much higher proportion of the total $71 billion in disaster losses than in previous years.

### [How Climate Change Will Redraw Louisiana’s Flood Maps](http://www.wired.com/2016/08/climate-change-will-redraw-louisianas-flood-maps/?ref=riskmarketnews.com)

#### [Wired](http://www.wired.com/2016/08/climate-change-will-redraw-louisianas-flood-maps/?ref=riskmarketnews.com)

Managing the growing threat of climate-related destruction hinges on flood insurance—which relies on ever-evolving, incomplete maps to determine risk.

### [Insurers Lag in Preparing for Climate Change](http://www.marketplace.org/2016/07/25/sustainability/insurers-lag-preparing-climate-change?ref=riskmarketnews.com)

#### [Marketplace](http://www.marketplace.org/2016/07/25/sustainability/insurers-lag-preparing-climate-change?ref=riskmarketnews.com)

New studies suggest that insurance companies have a long way to go in adapting to climate change.