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# December 28, 2016: German Insurers' $2B Storm Bill, Indonesia Developing Terror Index
- URL: https://www.riskmarketnews.com/december-28-2016-german-insurers-2b-storm-bill-indonesia-developing-terror-index/
- Published: 2016-12-28T10:00:55.000Z
- Updated: 2016-12-28T10:00:55.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Tokyo Shakes as Magnitude-6.3 Earthquake Strikes Northern Ibaraki Prefecture](http://www.japantimes.co.jp/news/2016/12/28/national/tokyo-shakes-magnitude-6-3-earthquake-strikes-northern-ibaraki-prefecture/?ref=riskmarketnews.com#.WGPOlbF-KRs)

#### [Japan Times](http://www.japantimes.co.jp/news/2016/12/28/national/tokyo-shakes-magnitude-6-3-earthquake-strikes-northern-ibaraki-prefecture/?ref=riskmarketnews.com#.WGPOlbF-KRs)

The strong quake, which registered lower 6 on the Japanese shindo scale to 7, hit areas near Takahagi in northern Ibaraki Prefecture.

### [Year of the Flood: The Nation’s 10 Most Extreme Weather Events of 2016](https://www.washingtonpost.com/news/capital-weather-gang/wp/2016/12/27/the-nations-ten-most-significant-and-extreme-weather-events-of-2016/?utm%5Fterm=.8b49e9856197&ref=riskmarketnews.com)

#### [Washington Post](https://www.washingtonpost.com/news/capital-weather-gang/wp/2016/12/27/the-nations-ten-most-significant-and-extreme-weather-events-of-2016/?utm%5Fterm=.8b49e9856197&ref=riskmarketnews.com)

In 2016, of all the weather events to affect the nation, four stood out: a hurricane, a flood, a drought and a blizzard.

### [Terrorism index Should Highlight Intra-Religious Conflict: Expert](http://www.thejakartapost.com/news/2016/12/28/terrorism-index-should-highlight-intra-religious-conflict-expert.html?ref=riskmarketnews.com)

#### [Jakarta Post](http://www.thejakartapost.com/news/2016/12/28/terrorism-index-should-highlight-intra-religious-conflict-expert.html?ref=riskmarketnews.com)

Indonesia plans to establish the Terrorism Risk Index to detect potential terrorism acts in regions across the country.

### [Australia Flood: Six Found Safe After Record Rainfall](http://www.bbc.com/news/world-australia-38448451?ref=riskmarketnews.com)

#### [BBC](http://www.bbc.com/news/world-australia-38448451?ref=riskmarketnews.com)

The Christmas storm drenched the usually dry region, causing flash floods and turning the soil into mud.

## Risk Business: What You Need to Read Today

### [Storms Cost German Insurers $2.1 Billion in 2016: GDV](http://www.reuters.com/article/us-germany-insurance-disaster-idUSKBN14H0QI?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-germany-insurance-disaster-idUSKBN14H0QI?ref=riskmarketnews.com)

Storms that struck Germany in late May and early June accounted for around half of the 2016 claims.

### [Biggest Billionaire Gainer Of 2016: Warren Buffett’s Fortune Surges More Than Anyone Else In America](http://www.forbes.com/sites/danalexander/2016/12/27/biggest-billionaire-gainer-of-2016-warren-buffetts-fortune-surges-more-than-anyone-else-in-america/?ref=riskmarketnews.com#284b40c945d7)

#### [Forbes](http://www.forbes.com/sites/danalexander/2016/12/27/biggest-billionaire-gainer-of-2016-warren-buffetts-fortune-surges-more-than-anyone-else-in-america/?ref=riskmarketnews.com#284b40c945d7)

Once Donald Trump won, Berkshire took off along with the rest of the stock market.

### [Life Insurers Say Forthcoming Accounting Changes Demanding](https://www.bna.com/life-insurers-say-n73014449087/?ref=riskmarketnews.com)

#### [Bloomberg BNA](https://www.bna.com/life-insurers-say-n73014449087/?ref=riskmarketnews.com)

Potential FASB rule changes for life insurance and annuities contracts would be significant and could possibly fail a cost-benefit analysis.

### [Non-Banks Shake up Dutch Mortgages](https://www.ft.com/content/2c8045a2-c77f-11e6-9043-7e34c07b46ef?ref=riskmarketnews.com)

#### [Financial Times (sub may be required)](https://www.ft.com/content/2c8045a2-c77f-11e6-9043-7e34c07b46ef?ref=riskmarketnews.com)

Pension funds and insurers have made a move on the Netherlands’ €660bn home loan market, bypassing traditional lenders.