December 1, 2015: Australia's Weather Computers Under Attack and U.S. Crop Insurance Saved... Again
Risk Science: What You Need to Read Today
China Blamed for ‘Massive’ Cyber Attack on Bureau of Meteorology Computer
ABC News
China is being blamed for a major cyber attack on the computers at the Bureau of Meteorology, which has compromised sensitive systems across the Federal Government.
World-First Research Into Insurance Industry’s Quake Response
The Press
A world-first research project into the insurance industry’s response to the Canterbury earthquakes will be a “global resource” for years to come.”
Better Science Can Now Show How Humans are Making Extreme Weather Worse
Quartz
Scientists are forming an increasingly clear picture of how climate change is contributing to present-day “natural” disasters.
Using UAVs to Improve Flood Risk Management
Environmental Technology
New images provide detailed information to monitor the characteristics of water courses and the effect these have on the surrounding areas.
Risk Business: What You Need to Read Today
SC Floods’ Damage: $12 Billion, Economists Say
The State
The October floods inflicted about $12 billion in damage on South Carolina, putting the two-day storm’s impact on the same magnitude of Hurricane Hugo
Senn’s Departure Seen Ending Era of Fat Dividends at Zurich
Bloomberg
After two years of growth barely above zero, Zurich expects an outright decline in revenue this year.
Obama Unveils $30 Mln for Climate Risk Insurance to Protect Poor
Reuters
The new money will support the Pacific Catastrophic Risk Assessment and Financing Initiative and the African Risk Capacity programme, and expand the Caribbean Catastrophic Risk Insurance Facility to cover Central American countries.
Highway Deal Reverses Crop Insurance Cut
AgriPulse
The budget agreement would have required the Agriculture Department to cap the insurance companies’ rate of return at 8.9 percent, down from the current 14.5 percent.