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# August 22, 2016: Paying for Louisiana's Big One, Planning for Florida's Big One and Modeling All of Japan's Big Ones
- URL: https://www.riskmarketnews.com/august-22-2016-paying-louisianas-bing-one-planning-floridas-big-one-modeling-japans-big-ones/
- Published: 2016-08-22T09:01:44.000Z
- Updated: 2016-08-22T10:42:10.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Louisiana’s Sinking Coast Is a $100 Billion Nightmare for Big Oil](http://www.bloomberg.com/news/features/2016-08-17/louisiana-s-sinking-coast-is-a-100-billion-nightmare-for-big-oil?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/features/2016-08-17/louisiana-s-sinking-coast-is-a-100-billion-nightmare-for-big-oil?ref=riskmarketnews.com)

The state can’t pay, so someone has to. And the water keeps rising.

### [Flooding in South Puts a Damper on US Rice Harvest](http://www.usnews.com/news/business/articles/2016-08-21/flooding-in-south-puts-a-damper-on-us-rice-harvest?ref=riskmarketnews.com)

#### [AP](http://www.usnews.com/news/business/articles/2016-08-21/flooding-in-south-puts-a-damper-on-us-rice-harvest?ref=riskmarketnews.com)

High water in Louisiana and Arkansas has put a damper on the nation’s rice harvest.

### [Typhoon Mindulle Lashes Tokyo; One Feared Dead in Flooding](http://www.japantimes.co.jp/news/2016/08/22/national/typhoon-mindulle-lashes-tokyo-bringing-transport-chaos-and-flood-warnings/?ref=riskmarketnews.com#.V7r1hmV2lwA)

#### [Japan Times](http://www.japantimes.co.jp/news/2016/08/22/national/typhoon-mindulle-lashes-tokyo-bringing-transport-chaos-and-flood-warnings/?ref=riskmarketnews.com#.V7r1hmV2lwA)

The typhoon, the season’s ninth, landed near Tateyama on the Boso Peninsula in Chiba Prefecture .

### [Predicting Earthquakes in Japan is a Numbers Game](http://asia.nikkei.com/Tech-Science/Science/Predicting-earthquakes-in-Japan-is-a-numbers-game?ref=riskmarketnews.com)

#### [Nikkei Asian Review](http://asia.nikkei.com/Tech-Science/Science/Predicting-earthquakes-in-Japan-is-a-numbers-game?ref=riskmarketnews.com)

In seismically active Japan, the government calculates and publishes the odds of a major temblor occurring, but the predictions are not always consistent — with good reason.

## Risk Business: What You Need to Read Today

### [Unexpected Risk Meets Unexpected Data](http://www.institutionalinvestor.com/gmtl/3579784/unexpected-risk-meets-unexpected-data.html?ref=riskmarketnews.com#.V7rytmV2lwA)

#### [Institutional Investor](http://www.institutionalinvestor.com/gmtl/3579784/unexpected-risk-meets-unexpected-data.html?ref=riskmarketnews.com#.V7rytmV2lwA)

If surprise events are the question, surprised data may be the answer.

### [Louisiana Residents Without Flood Insurance Face Uncertainty](http://www.reuters.com/article/us-usa-weather-idUSKCN10W0UG?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-usa-weather-idUSKCN10W0UG?ref=riskmarketnews.com)

Many of the areas hit hard by record rainfall last week were not considered at high risk for flooding.

### [Will Your Homeowner Insurance Protect You If the Big One Hits?](http://www.miamiherald.com/news/business/biz-monday/article96929132.html?ref=riskmarketnews.com)

#### [Miami Herald](http://www.miamiherald.com/news/business/biz-monday/article96929132.html?ref=riskmarketnews.com)

Nearly 11 years without a major storm battering South Florida means that many of the smaller companies are untested

### [Reinsurer Owned by Irish Life Parent Seeks Acquisitions Here](http://www.irishtimes.com/business/financial-services/reinsurer-owned-by-irish-life-parent-seeks-acquisitions-here-1.2763528?ref=riskmarketnews.com)

#### [Irish Times](http://www.irishtimes.com/business/financial-services/reinsurer-owned-by-irish-life-parent-seeks-acquisitions-here-1.2763528?ref=riskmarketnews.com)

Dublin-based Canda Life International Re reports 47 per cent rise in after-tax profit.