August 18, 2016: Louisiana Floods Will Redraw Maps, Reinsurance Counterparty Worries and a Queensland Quake
1 min read

August 18, 2016: Louisiana Floods Will Redraw Maps, Reinsurance Counterparty Worries and a Queensland Quake

Risk Science: What You Need to Read Today

Fires, Floods, and Scorchers: Earth Destroys Yet Another Heat Record

Bloomberg

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

Quartz

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

Queensland Earthquake ‘Biggest in 20 Years

The Guardian

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?

Pacific Standard

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?

Bank of Canada (direct to PDF)

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

Reuters

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

Wired

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

Marketplace

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

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