Risk Science: What You Need to Read Today
Above and Beyond Megathrusts—Draining Pore Fluids Dampens Earthquake Tremors
Phys.org
Undrained conditions are a key factor in the generation low-frequency earthquakes.
Tsunami Alerts Canceled Following 7.9 Earthquake Off Papua New Guinea
CNN
The quake struck in the ocean about 45 kilometers east of Papua New Guinea’s New Ireland island.
Why Britain’s Coast is Doomed
The Guardian
A study of recent data suggests that only good fortune has so far saved coastal communities from a major flood.
How Climate Change Impacted 2015’s Extreme Weather
Climate Central
The fingerprints of climate change have been found on about two-thirds, particularly for heat events, where the warming influence has been almost universal.
Risk Business: What You Need to Read Today
Canadian Insurer Fairfax to Acquire Switzerland’s Allied World in $4.9 Billion Deal
WSJ (sub may be required)
Fairfax’s offer price for Swiss insurer represents an 18% premium to Allied World’s latest closing share price
Mnuchin’s Ultra-Long Bond Idea Is an Ultra-Longshot for Treasury
Bloomberg
Insurance companies and pension funds are likely buyers because they need to match liabilities that span decades.
Judge Orders State Farm to Cut Insurance Rates, Puts Refunds on Hold
LA Times
State Farm is challenging Insurance Commissioner Dave Jones’ authority to demand refunds under landmark insurance law Proposition 103.
Hermine, Matthew Damages Near $1.6 Billion
Sunshine State News
The costs tied to Hurricane Hermine and Hurricane Matthew are the highest for disasters since the much more expensive 2004 and 2005 hurricane seasons.
