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# December 11, 2015: Another Billion Dollar Sandy Insurance Suit, Cat Bonds for Cities and Where in the World is Guangchang
- URL: https://www.riskmarketnews.com/december-11-2015/
- Published: 2015-12-11T07:54:20.000Z
- Updated: 2015-12-11T07:54:20.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Global Economy Fueling More Business Interruption](http://www.theguardian.com/business/datablog/2015/dec/11/global-economy-fuelling-more-business-interruption?ref=riskmarketnews.com)

#### [The Guardian](http://www.theguardian.com/business/datablog/2015/dec/11/global-economy-fuelling-more-business-interruption?ref=riskmarketnews.com)

Ever greater interconnectivity between companies means a disaster in one region can often wreak havoc in another

### [Twin Studies Provide First Explanations for Boundary Within Earth’s Mantle](http://phys.org/news/2015-12-twin-explanations-boundary-earth-mantle.html?ref=riskmarketnews.com)

#### [Phys.org](http://phys.org/news/2015-12-twin-explanations-boundary-earth-mantle.html?ref=riskmarketnews.com)

The studies provide the first detailed look at why large-scale geologic features within the mantle behave differently on either side of the megameter divide.

### [Scientists Link UK Storm to Man-Made Global Warming](http://www.ft.com/intl/cms/s/0/e1466920-9f81-11e5-8613-08e211ea5317.html?ref=riskmarketnews.com#slide0)

#### [Financial Times (sub may be required)](http://www.ft.com/intl/cms/s/0/e1466920-9f81-11e5-8613-08e211ea5317.html?ref=riskmarketnews.com#slide0)

The researchers looking at Storm Desmons came to their conclusions using statistical analyses of the historical temperature record and thousands of simulations of possible weather, as well as a regional climate model.

### [Look Beyond Hotspots to Help People Weather Climate Shocks: Study](http://www.reuters.com/article/us-climatechange-summit-resilience-idUSKBN0TT30Y20151210?ref=riskmarketnews.com#E1YgTYP3RIdcGCpH.97)

#### [Reuters](http://www.reuters.com/article/us-climatechange-summit-resilience-idUSKBN0TT30Y20151210?ref=riskmarketnews.com#E1YgTYP3RIdcGCpH.97)

Targeting money only at areas hit by drought and other climate extremes in an effort to build resilience among the world’s poorest may be ineffective, researchers said.

## Risk Business: What You Need to Read Today

### 

### [How Cities Can Avert Financial Ruin After a Natural Disaster](http://www.citylab.com/cityfixer/2015/12/cop21-paris-climate-catastrophe-bond-hurricane-earthquake/418917/?ref=riskmarketnews.com)

#### [CityLab](http://www.citylab.com/cityfixer/2015/12/cop21-paris-climate-catastrophe-bond-hurricane-earthquake/418917/?ref=riskmarketnews.com)

As climate change leads to more and worse storms, the growing catastrophe bond market provides some reassurance.

### [Fosun Looks Badly Exposed as Boss Goes AWOL](http://blogs.reuters.com/breakingviews/2015/12/11/fosun-looks-badly-exposed-as-boss-goes-awol/?ref=riskmarketnews.com)

#### [BreakingViews](http://blogs.reuters.com/breakingviews/2015/12/11/fosun-looks-badly-exposed-as-boss-goes-awol/?ref=riskmarketnews.com)

Takeovers that are still half-done could fall over. And banks may become warier about financing new deals, or refinancing existing assets.

### [AIG CFO Exits as CEO Shakes Up Management](http://www.crainsnewyork.com/article/20151210/FINANCE/151219997/aig-cfo-exits-as-ceo-shakes-up-management?ref=riskmarketnews.com)

#### [Crain’s New York Business](http://www.crainsnewyork.com/article/20151210/FINANCE/151219997/aig-cfo-exits-as-ceo-shakes-up-management?ref=riskmarketnews.com)

David Herzog and John Doyle, head of commercial insurance, are leaving the insurer.

### [NYCHA Sues Insurers Over Hurricane Sandy Money](http://www.nydailynews.com/new-york/nycha-sues-insurers-hurricane-sandy-money-article-1.2462381?ref=riskmarketnews.com)

#### [NY Daily News](http://www.nydailynews.com/new-york/nycha-sues-insurers-hurricane-sandy-money-article-1.2462381?ref=riskmarketnews.com)

NYCHA has detailed what it says is $1.5 billion in “coverable losses,” but so far the insurers have provided a total of $242 million.