December 19, 2016: Florida' Hurricane Damages Reach $1.6B, UK Coast Will Flood and Allied World Goes Canadian
1 min read

December 19, 2016: Florida' Hurricane Damages Reach $1.6B, UK Coast Will Flood and Allied World Goes Canadian

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.

Enjoying these posts? Subscribe for more

Subscribe now
Already have an account? Sign in
You've successfully subscribed to Risk Market News.
Success! Your account is fully activated, you now have access to all content.
Success! Your billing info is updated.