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# August 5, 2016: Fearing the Hurricane That's Not Coming, Loeb Bets Payoff for Reinsurer and Forecasting Space Weather
- URL: https://www.riskmarketnews.com/august-5-2016-fearing-hurricane-thats-not-coming-loeb-bets-payoff-reinsurer-forecasting-space-weather/
- Published: 2016-08-05T08:01:44.000Z
- Updated: 2016-08-05T08:01:44.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [The U.S. Coast Is In An Unprecedented Hurricane Drought — Why This is Terrifying](https://www.washingtonpost.com/news/capital-weather-gang/wp/2016/08/04/the-u-s-coast-is-in-an-unprecedented-hurricane-drought-why-this-is-terrifying/?ref=riskmarketnews.com)

#### [Washington Post](https://www.washingtonpost.com/news/capital-weather-gang/wp/2016/08/04/the-u-s-coast-is-in-an-unprecedented-hurricane-drought-why-this-is-terrifying/?ref=riskmarketnews.com)

Three historically unprecedented droughts in landfalling U.S. hurricanes are presently active.

### [Forecast of Atlantic Seasonal Hurricane Activity](http://tropical.colostate.edu/media/sites/111/2016/08/2016-08.pdf?ref=riskmarketnews.com)

#### [Colorado State University (direct to PDF)](http://tropical.colostate.edu/media/sites/111/2016/08/2016-08.pdf?ref=riskmarketnews.com)

Model output is the primary reason for the continued prediction of a near-average Atlantic hurricane season.

### [Predicting Space Weather, Protecting Satellites](https://eos.org/research-spotlights/predicting-space-weather-protecting-satellites?ref=riskmarketnews.com)

#### [Eos](https://eos.org/research-spotlights/predicting-space-weather-protecting-satellites?ref=riskmarketnews.com)

A new model predicts electron and ion fluxes at geosynchronous orbit an hour ahead of time, allowing satellite operators to protect their instruments.

### [More Typhoons on Way to Southeastern China, Expert Says](http://europe.chinadaily.com.cn/china/2016-08/05/content%5F26354353.htm?ref=riskmarketnews.com)

#### [China Daily](http://europe.chinadaily.com.cn/china/2016-08/05/content%5F26354353.htm?ref=riskmarketnews.com)

The top five regions for typhoons in August are Taiwan, Guangdong, Fujian, Zhejiang and Hainan.

## Risk Business: What You Need to Read Today

### [Loeb Insurer Posts Biggest Profit Since 2013 on Investments](http://www.bloomberg.com/news/articles/2016-08-04/loeb-insurer-has-biggest-profit-since-2013-on-investment-rebound?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-08-04/loeb-insurer-has-biggest-profit-since-2013-on-investment-rebound?ref=riskmarketnews.com)

Loeb and Third Point Re Chief Executive Officer John Berger are seeking to turn around a stock slump that’s now in its third year.

### [Allianz Profit Battered by Claims, Shares Drop](http://www.reuters.com/article/us-allianz-results-idUSKCN10G0HR?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-allianz-results-idUSKCN10G0HR?ref=riskmarketnews.com)

Allianz joined a raft of European insurers reporting higher damage claims in the second quarter, which saw extensive payouts for storms and floods, particularly in Germany.

### [Insurance Companies Could Help Fuel ETF Industry Growth](http://www.nasdaq.com/article/insurance-companies-could-help-fuel-etf-industry-growth-cm660727?ref=riskmarketnews.com)

#### [ETF Trends](http://www.nasdaq.com/article/insurance-companies-could-help-fuel-etf-industry-growth-cm660727?ref=riskmarketnews.com)

Insurance companies are slowly including exchange traded funds in their general accounts.

### [Suncorp Still Has Reinsurance Available to Cover its February 2011 Canterbury Earthquake Costs, Unlike its Competitors](https://www.interest.co.nz/insurance/82962/suncorp-still-has-reinsurance-available-cover-its-february-2011-canterbury?ref=riskmarketnews.com)

#### [Interest.co.nz](https://www.interest.co.nz/insurance/82962/suncorp-still-has-reinsurance-available-cover-its-february-2011-canterbury?ref=riskmarketnews.com)

Suncorp confirms it still has reinsurance available to cover its outstanding February 2011 quake claims.