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# December 13, 2016: Water Drowns Major Weather Research Bill, EQC Pushes Quake Claims to the Private Market and Australia is Ready to Spark
- URL: https://www.riskmarketnews.com/december-13-2016-water-drowns-major-weather-research-bill-eqc-pushes-quake-claims-private-market-australia-ready-spark/
- Published: 2016-12-13T07:17:33.000Z
- Updated: 2016-12-13T07:17:33.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Water War Rider Kills Popular Forecasting Bill](http://www.eenews.net/stories/1060046995?ref=riskmarketnews.com)

#### [E&E Daily](http://www.eenews.net/stories/1060046995?ref=riskmarketnews.com)

Supporters hoped the Weather Research and Forecasting Innovation Act would lead to earlier warnings for severe weather such as tornadoes and hurricanes.

### [Mitigating the Risk of Geoengineering](http://news.harvard.edu/gazette/story/2016/12/mitigating-the-risk-of-geoengineering/?ref=riskmarketnews.com)

#### [Harvard Gazette](http://news.harvard.edu/gazette/story/2016/12/mitigating-the-risk-of-geoengineering/?ref=riskmarketnews.com)

Solar geoengineering — injecting light-reflecting sulfate aerosols into the stratosphere to cool the planet – may be a risky way to blunt climate change.

### [Earthquake Faults Are Smarter Than We Usually Think](https://news.northwestern.edu/stories/2016/12/earthquake-faults-are-smarter-than-we-usually-think/?ref=riskmarketnews.com)

#### [Northwestern University](https://news.northwestern.edu/stories/2016/12/earthquake-faults-are-smarter-than-we-usually-think/?ref=riskmarketnews.com)

New computer model shows clusters can occur on faults with ‘long-term memory.’

### [Bushfire Fears as South-Eastern Australia Swelters Through Record Heat](https://www.theguardian.com/australia-news/2016/dec/13/bushfire-fears-as-south-eastern-australia-swelters-through-record-heat?ref=riskmarketnews.com)

#### [Guardian](https://www.theguardian.com/australia-news/2016/dec/13/bushfire-fears-as-south-eastern-australia-swelters-through-record-heat?ref=riskmarketnews.com)

Emergency services say NSW and ACT ‘extremely vulnerable’ to bushfires as temperatures set to exceed 33C in Sydney, Canberra, Melbourne and Adelaide

## Risk Business: What You Need to Read Today

### [Why Would a Chinese Insurance Giant Want to Own a Gas Pipeline?](http://www.wsj.com/articles/why-would-a-chinese-insurance-giant-want-to-own-a-gas-pipeline-1481621939?ref=riskmarketnews.com)

#### [WSJ (sub may be required)](http://www.wsj.com/articles/why-would-a-chinese-insurance-giant-want-to-own-a-gas-pipeline-1481621939?ref=riskmarketnews.com)

China’s promised market reforms increasingly appear to be spreading risk across state-backed enterprises rather than taking it out.

### [Business Interests, Attorneys Dominate Insurance and Banking Panel](http://floridapolitics.com/archives/228814-insurance-committee?ref=riskmarketnews.com)

#### [Florida Politics](http://floridapolitics.com/archives/228814-insurance-committee?ref=riskmarketnews.com)

The panel is expected to address the assignment of benefits agreements blamed for driving up property insurance costs..

### [Government Passes Kaikoura Quake Baton to Private Insurers](https://www.nbr.co.nz/article/government-passes-kaikoura-quake-baton-private-insurers-jw-197824?ref=riskmarketnews.com)

#### [National Business Review](https://www.nbr.co.nz/article/government-passes-kaikoura-quake-baton-private-insurers-jw-197824?ref=riskmarketnews.com)

EQC has signed an agreement that will see all private insurers receive, assess and settle home and contents claims arising from the November 14 quake.

### [Soros-Backed LeapFrog Raising $800 Million for Africa Deals](https://www.bloomberg.com/news/articles/2016-12-13/soros-backed-leapfrog-raising-800-million-for-africa-purchases?ref=riskmarketnews.com)

#### [Bloomberg](https://www.bloomberg.com/news/articles/2016-12-13/soros-backed-leapfrog-raising-800-million-for-africa-purchases?ref=riskmarketnews.com)

LeapFrog plans to raise $800 million for its latest fund as the private-equity firm seeks stakes in African banks and insurance brokers.