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# August 24, 2016: Quakes Strike Italy and Myanmar, TWIA Punts on Rates and Florida Eyes First Hurricane Strike in a Decade
- URL: https://www.riskmarketnews.com/august-24-2016-quakes-strike-italy-myanmar-twia-punts-rates-florida-eyes-first-hurricane-strike-decade/
- Published: 2016-08-24T08:02:39.000Z
- Updated: 2016-08-24T08:02:39.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [At Least 38 Dead as Italy Earthquake Reduces Towns to Rubble](http://www.bloomberg.com/news/articles/2016-08-24/magnitude-6-2-earthquake-shakes-central-italy-felt-in-rome?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-08-24/magnitude-6-2-earthquake-shakes-central-italy-felt-in-rome?ref=riskmarketnews.com)

The 6.0-magnitude tremor hit at a depth of 10 kilometers (6.2 miles) around 43 kilometers from the town of Rieti

### [6.8-magnitude Earthquake Strikes Myanmar, Tremors Felt in Bengal, Bihar and Assam](http://timesofindia.indiatimes.com/india/6-8-magnitude-earthquake-strikes-Myanmar-tremors-felt-in-Bengal-Bihar-and-Assam/articleshow/53843705.cms?ref=riskmarketnews.com)

#### [Times of India](http://timesofindia.indiatimes.com/india/6-8-magnitude-earthquake-strikes-Myanmar-tremors-felt-in-Bengal-Bihar-and-Assam/articleshow/53843705.cms?ref=riskmarketnews.com)

The quake struck 143 km west of the city of Meiktila at a depth of 84 km.

### [Tropical System Eyes Florida, Southeast U.S., May Develop Into Hurricane](http://www.usatoday.com/story/weather/2016/08/23/tropical-storm-hurricane-southeast-florida/89212862/?ref=riskmarketnews.com)

#### [USA Today](http://www.usatoday.com/story/weather/2016/08/23/tropical-storm-hurricane-southeast-florida/89212862/?ref=riskmarketnews.com)

What’s now just a disorganized mass of thunderstorms 1,600 miles from Miami could develop into the first hurricane to hit Florida in nearly 11 years.

### [Solar Energy Gets Boost from New Forecasting System](http://www2.ucar.edu/atmosnews/news/122429/solar-energy-gets-boost-new-forecasting-system?ref=riskmarketnews.com)

#### [UCAR](http://www2.ucar.edu/atmosnews/news/122429/solar-energy-gets-boost-new-forecasting-system?ref=riskmarketnews.com)

The system greatly improves predictions of clouds and other atmospheric conditions that influence the amount of energy generated by solar arrays.

## Risk Business: What You Need to Read Today

### [Brazil Mulls Fund to Finance Farming Insurance, Valor Says](http://www.reuters.com/article/us-brazil-agriculture-insurance-idUSKCN10Y18U?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-brazil-agriculture-insurance-idUSKCN10Y18U?ref=riskmarketnews.com)

The Brazilian government is considering the creation of a private-sector fund to help subsidize insurance for farmers.

### [TWIA Board Votes Not to Raise Rates, Questions Raised](http://setexasrecord.com/stories/511000130-twia-board-votes-not-to-raise-rates-questions-raised?ref=riskmarketnews.com)

#### [Southeast Texas Record](http://setexasrecord.com/stories/511000130-twia-board-votes-not-to-raise-rates-questions-raised?ref=riskmarketnews.com)

The Insurance Council of Texas believes the board’s decision does not protect the financial security of TWIA for its policyholders.

### [Swedroe: Revised Catastrophe Bonds Worth A Look](http://www.etf.com/sections/index-investor-corner/swedroe-revised-catastrophe-bonds-worth-look?nopaging=1&ref=riskmarketnews.com)

#### [ETF.com](http://www.etf.com/sections/index-investor-corner/swedroe-revised-catastrophe-bonds-worth-look?nopaging=1&ref=riskmarketnews.com)

The evidence supports the theoretical benefits regarding the diversification that cat bonds provide.

### [US Mortgage Insurers Step Into the M&A Light](https://www.ft.com/content/379c04b4-63f5-11e6-8310-ecf0bddad227?ref=riskmarketnews.com)

#### [FT (sub may be required)](https://www.ft.com/content/379c04b4-63f5-11e6-8310-ecf0bddad227?ref=riskmarketnews.com)

Arch Capital’s purchase of UGC underlines industry’s renaissance.