Risk Science: What You Need to Read Today
The chance of one occurring within the next 50 years is also slightly higher than previously estimated.
Images of the damage from Earl showed massive mudslides burying entire hillsides, trees felled and buildings creaking under collapsed walls and roofs.
RMS shows six of ten ports most at risk are in the U.S. with Asia-Pacific and European ports also a major concern, as insurers play a guessing game.
By 2017 monsoon, IMD would have a model to warn civic authorities about rain over a specific area to present disasters.
Risk Business: What You Need to Read Today
Investors are flocking to securities that shield the risks of hurricanes, pandemics and hackers; reinsurers are suffering.
Cover to change as targets shift from property to maximising casualties, says KPMG.
There is not really enough natural catastrophe risk around.
Junk-bond issuers may look overseas to avoid this burden and cost of new rules.
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