December 15, 2016: Next Year's Hurricane Season Takes Shape, $118 Billion Disaster Bill for 2016 and Lloyd's (Not) of London
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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

Risk Science: What You Need to Read Today

Qualitative Discussion of 2017 Atlantic Seasonal Hurricane Activity

Colorado State Tropical Meteorology Project (direct to PDF)

Conditions would appear to favor an above-average season.

Toronto ‘Guerrilla’ Archivists to Help Preserve US Climate Data

BBC

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

News.au

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

Spread of Avian Flu Noted in China, Korea, Europe.

CIDRAP

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

Reuters

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

Seattle Times

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

Texas Hailstorms Set Record Losses in 2016

Insurance Council of Texas

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

No Claims Protection

Breakingviews

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

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