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# December 15, 2016: Next Year's Hurricane Season Takes Shape, $118 Billion Disaster Bill for 2016 and Lloyd's (Not) of London
- URL: https://www.riskmarketnews.com/december-15-2016-next-years-hurricane-season-takes-shape-118-billion-disaster-bill-2016-lloyds-not-london/
- Published: 2016-12-15T06:54:13.000Z
- Updated: 2016-12-15T06:54:13.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Qualitative Discussion of 2017 Atlantic Seasonal Hurricane Activity](http://webcms.colostate.edu/tropical/media/sites/111/2016/12/2016-12.pdf?ref=riskmarketnews.com)

#### [Colorado State Tropical Meteorology Project (direct to PDF)](http://webcms.colostate.edu/tropical/media/sites/111/2016/12/2016-12.pdf?ref=riskmarketnews.com)

Conditions would appear to favor an above-average season.

### [Toronto ‘Guerrilla’ Archivists to Help Preserve US Climate Data](http://www.bbc.com/news/world-us-canada-38324045?ref=riskmarketnews.com)

#### [BBC](http://www.bbc.com/news/world-us-canada-38324045?ref=riskmarketnews.com)

Canadian “guerrilla” archivists will be assisting a rushed effort to preserve US government climate data.

### [Huge Hole in the Ocean Floor Near Australia Could Cause Catastrophic Earthquakes and Tsunamis](http://www.news.com.au/technology/environment/natural-wonders/huge-hole-in-the-ocean-floor-near-australia-could-cause-catastrophic-earthquakes-and-tsunamis/news-story/c6df4d3263d5768f9bc971e6062b10bd?ref=riskmarketnews.com)

#### [News.au](http://www.news.com.au/technology/environment/natural-wonders/huge-hole-in-the-ocean-floor-near-australia-could-cause-catastrophic-earthquakes-and-tsunamis/news-story/c6df4d3263d5768f9bc971e6062b10bd?ref=riskmarketnews.com)

Researchers have identified the deep hole, known as the Banda Detachment, was created by subduction.

### [Spread of Avian Flu Noted in China, Korea, Europe.](http://www.cidrap.umn.edu/news-perspective/2016/12/spread-avian-flu-noted-china-korea-europe?ref=riskmarketnews.com)

#### [CIDRAP](http://www.cidrap.umn.edu/news-perspective/2016/12/spread-avian-flu-noted-china-korea-europe?ref=riskmarketnews.com)

New reports paint a picture of spreading H5N6 avian flu in birds in Asia, while Hungary, Poland, and France report more farm outbreaks involving the H5N8 strain.

## Risk Business: What You Need to Read Today

### [Disasters Claimed 10,000 Lives, Cost $158 billion in 2016: Swiss Re](http://www.reuters.com/article/us-disaster-study-swiss-re-idUSKBN14415W?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-disaster-study-swiss-re-idUSKBN14415W?ref=riskmarketnews.com)

At an estimated $49 billion, insured losses rose by nearly a third from $37 billion in 2015, but covered less than a third of the costs incurred from catastrophes over the year.

### [Earthquake-Insurance Prices Soar in Washington, and Companies Hold All the Power](http://www.seattletimes.com/seattle-news/earthquake-insurance-prices-soar-in-washington-companies-hold-all-power/?ref=riskmarketnews.com)

#### [Seattle Times](http://www.seattletimes.com/seattle-news/earthquake-insurance-prices-soar-in-washington-companies-hold-all-power/?ref=riskmarketnews.com)

Washington’s insurance commissioner has a strategy for coverage negotiations: Give the insurance companies what they want.

### [Texas Hailstorms Set Record Losses in 2016](https://www.insurancecouncil.org/4DCGI/cms/review.html?Action=CMS%5FDocument&DocID=219&MenuKey=none&ref=riskmarketnews.com)

#### [Insurance Council of Texas](https://www.insurancecouncil.org/4DCGI/cms/review.html?Action=CMS%5FDocument&DocID=219&MenuKey=none&ref=riskmarketnews.com)

The costliest hailstorms struck Fort Worth, Arlington, Plano, Wylie and San Antonio.

### [No Claims Protection](http://www.breakingviews.com/considered-view/brexit-transition-deal-offers-lloyds-scant-cover/?ref=riskmarketnews.com)

#### [Breakingviews](http://www.breakingviews.com/considered-view/brexit-transition-deal-offers-lloyds-scant-cover/?ref=riskmarketnews.com)

As Lloyd’s of London provides market infrastructure, it has little to lose by being first mover out of the UK.