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# August 25, 2016: Italy's Risk Problem, Reinsurance Profit Warning and Modeling Citywide Disaster Recovery
- URL: https://www.riskmarketnews.com/august-25-2016-italys-risk-problem-reinsurance-profit-warning-modeling-citywide-disaster-recovery/
- Published: 2016-08-25T08:17:35.000Z
- Updated: 2016-08-25T08:17:35.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Earthquake Exposes Italy’s Disaster Vulnerabilities and Shortcomings](http://www.wsj.com/articles/earthquake-exposes-italys-disaster-vulnerabilities-and-shortcomings-1472068886?ref=riskmarketnews.com)

#### [WSJ (sub may be required)](http://www.wsj.com/articles/earthquake-exposes-italys-disaster-vulnerabilities-and-shortcomings-1472068886?ref=riskmarketnews.com)

Towns generally have done little to adapt buildings to protect architectural jewels and works of art from tremors.

### [Hurricane Hermine Doesn’t Exist Yet, But Experts Are Starting To Worry](http://fivethirtyeight.com/features/hurricane-hermine-doesnt-exist-yet-but-experts-are-starting-to-worry/?ref=riskmarketnews.com)

#### [FiveThirtyEight](http://fivethirtyeight.com/features/hurricane-hermine-doesnt-exist-yet-but-experts-are-starting-to-worry/?ref=riskmarketnews.com)

How do you responsibly talk about a hurricane that could be potentially devastating when the probabilities are still unclear?

### [Post-Disaster Optimization Technique Capable of Analyzing Entire Cities](http://phys.org/news/2016-08-post-disaster-optimization-technique-capable-entire.html?ref=riskmarketnews.com)

#### [Phys.org](http://phys.org/news/2016-08-post-disaster-optimization-technique-capable-entire.html?ref=riskmarketnews.com)

Researchers created a novel method that represents a major improvement in existing computational models and optimization methodologies for disaster recovery.

### [Clinton Unveils Emergency Public Health Fund Proposal](http://www.politico.com/story/2016/08/clinton-unveils-emergency-public-health-fund-proposal-227350?ref=riskmarketnews.com)

#### [Politico ](http://www.politico.com/story/2016/08/clinton-unveils-emergency-public-health-fund-proposal-227350?ref=riskmarketnews.com)

Clinton would create a Public Health Rapid Response Fund to help local and federal agencies better coordinate resources.

## Risk Business: What You Need to Read Today

### [Italy Quake Unlikely to Trigger 200 Million Euro Cat-Bond Default](http://www.reuters.com/article/us-italy-quake-insurance-bonds-idUSKCN10Z1JD?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-italy-quake-insurance-bonds-idUSKCN10Z1JD?ref=riskmarketnews.com)

The Azzurro Re bond, issued by Unipol last year, was the first so-called catastrophe bond to cover earthquake risk in Italy.

### [Why Pension Megadeals are Losing Their Allure](https://www.ft.com/content/1496eb34-660f-11e6-8310-ecf0bddad227?ref=riskmarketnews.com)

#### [Financial Times (sub may be required)](https://www.ft.com/content/1496eb34-660f-11e6-8310-ecf0bddad227?ref=riskmarketnews.com)

Removing that noose of liabilities in the era of rock bottom interest rates it has become particularly steep.

### [Gust of Criticism Hits Wind Insurer](http://www.houstonchronicle.com/business/article/Houston-news-9182689.php?ref=riskmarketnews.com)

#### [Houston Chronicle ](http://www.houstonchronicle.com/business/article/Houston-news-9182689.php?ref=riskmarketnews.com)

Trade group says TWIA’s decision to pass on increasing its rates was a big mistake.

### [Global Reinsurer Profit Decline Could Impact Financial Strength](http://www.reuters.com/article/idUSFit971015?ref=riskmarketnews.com)

#### [Fitch (Press Release)](http://www.reuters.com/article/idUSFit971015?ref=riskmarketnews.com)

Underwriting profits for the global reinsurance sector declined while recent profitability for several companies fell to levels that could diminish their financial strength.