August 25, 2016: Italy's Risk Problem, Reinsurance Profit Warning and Modeling Citywide Disaster Recovery
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August 25, 2016: Italy's Risk Problem, Reinsurance Profit Warning and Modeling Citywide Disaster Recovery

Risk Science: What You Need to Read Today

Earthquake Exposes Italy’s Disaster Vulnerabilities and Shortcomings

WSJ (sub may be required)

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

FiveThirtyEight

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

Phys.org

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

Politico 

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

Reuters

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

Financial Times (sub may be required)

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

Gust of Criticism Hits Wind Insurer

Houston Chronicle 

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

Global Reinsurer Profit Decline Could Impact Financial Strength

Fitch (Press Release)

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

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