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# August 31, 2016: Lionrock Floods Japan, Manila Scraps Catastrophe Pool and "Retailizing" Catastrophe Bonds
- URL: https://www.riskmarketnews.com/august-31-2016-lionrock-floods-japan-manila-scraps-catastrophe-pool-retailizing-catastrophe-bonds/
- Published: 2016-08-31T07:33:00.000Z
- Updated: 2016-08-31T07:33:00.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Lionrock Leaves 11 Dead, Three Missing in Flooded North Japan](http://www.japantimes.co.jp/news/2016/08/31/national/least-10-dead-japan-typhoon-lionrock-flooded-nursing-home-caused-damage/?ref=riskmarketnews.com#.V8a8YWV2lwA)

#### [Japan Times](http://www.japantimes.co.jp/news/2016/08/31/national/least-10-dead-japan-typhoon-lionrock-flooded-nursing-home-caused-damage/?ref=riskmarketnews.com#.V8a8YWV2lwA)

Flooding appeared to be the main cause of the fatalities.

### [Storm Bears Down on Florida, Hurricane Threatens Hawaii](http://www.reuters.com/article/us-storm-atlantic-idUSKCN11618M?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-storm-atlantic-idUSKCN11618M?ref=riskmarketnews.com)

Flooding, storm surge, fierce winds and tornadoes were all threats to Florida.

### [Slow Earthquakes Are a Thing](http://www.smithsonianmag.com/science-nature/slow-earthquakes-are-thing-180960248/?no-ist&ref=riskmarketnews.com)

#### [Smithsonian](http://www.smithsonianmag.com/science-nature/slow-earthquakes-are-thing-180960248/?no-ist&ref=riskmarketnews.com)

Slow earthquakes regularly move more earth than deadly fast quakes, but no one feels a thing.

### [Fires Pollute The Air in West Africa](http://phys.org/news/2016-08-pollute-air-west-africa.html?ref=riskmarketnews.com)

#### [Phys.org](http://phys.org/news/2016-08-pollute-air-west-africa.html?ref=riskmarketnews.com)

Particles in the air the impact on the formation and breakup of clouds has not yet been included in weather and climate models.

## Risk Business: What You Need to Read Today

### [Despite the Exposure to Seismic Risk, Few Swiss Homeowners Take Out Earthquake Insurance](http://lenews.ch/2016/08/30/despite-the-exposure-to-seismic-risk-few-swiss-homeowners-take-out-earthquake-insurance/?ref=riskmarketnews.com)

#### [Le News](http://lenews.ch/2016/08/30/despite-the-exposure-to-seismic-risk-few-swiss-homeowners-take-out-earthquake-insurance/?ref=riskmarketnews.com)

Cantons push back, but one proposal calls for compulsory earthquake insurance imposed at a federal level.

### [These Bonds Still Yield Over 5 Percent—But are They Safe for Investors?](http://www.cnbc.com/2016/08/30/these-bonds-still-yield-over-5-percent-but-are-they-safe-for-investors.html?ref=riskmarketnews.com)

#### [CNBC](http://www.cnbc.com/2016/08/30/these-bonds-still-yield-over-5-percent-but-are-they-safe-for-investors.html?ref=riskmarketnews.com)

Catastrophe bonds are yielding over 5 percent, but market-watchers warn investors need to take care before entering the $25 billion market.

### [Catastrophe Pool Insurance Shelved](http://www.businessmirror.com.ph/2016/08/30/catastrophe-pool-insurance-shelved/?ref=riskmarketnews.com)

#### [Business Mirror (Philippines)](http://www.businessmirror.com.ph/2016/08/30/catastrophe-pool-insurance-shelved/?ref=riskmarketnews.com)

The proposed mandatory catastrophe insurance for all households and micro, small and medium enterprises has been shelved, an official of the Insurance Commission said.

### [‘Chaos’ as Lawyers Scramble Ahead of IAG Cutoff](http://www.stuff.co.nz/business/83747426/Chaos-as-lawyers-scramble-ahead-of-IAG-cutoff?ref=riskmarketnews.com)

#### [NZ Stuff](http://www.stuff.co.nz/business/83747426/Chaos-as-lawyers-scramble-ahead-of-IAG-cutoff?ref=riskmarketnews.com)

IAG said it will use the Limitations Act against body corporates which own multi-unit properties, and commercial building owners.