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# December 31, 2015: Climate Chaos Peak, Reinsurance Bottom - Welcome to 2016
- URL: https://www.riskmarketnews.com/december-31-2015-weather-catastrophe-peak-reinsurance-bottom-welcome-to-2016/
- Published: 2015-12-31T08:55:48.000Z
- Updated: 2016-01-03T22:05:17.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Climate Chaos, Across the Map](http://www.nytimes.com/2015/12/31/science/climate-chaos-across-the-map.html?%5Fr=0&ref=riskmarketnews.com)

#### [New York Times](http://www.nytimes.com/2015/12/31/science/climate-chaos-across-the-map.html?%5Fr=0&ref=riskmarketnews.com)

Coincidence or not, every kind of trouble that the experts have been warning about for years seems to be occurring at once.

### [Midwest Braces for More flooding as Rain-Swollen Rivers Rise](http://www.reuters.com/article/us-usa-weather-storm-idUSKBN0UC0PD20151231?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-usa-weather-storm-idUSKBN0UC0PD20151231?ref=riskmarketnews.com)

Flooding has destroyed hundreds of homes and businesses, and overflowing rivers could menace Southern states as the water moves downstream toward the Gulf of Mexico.

### [A Pair of Tremors Highlight the Different Types of West Coast Earthquakes](http://gizmodo.com/a-pair-of-tremors-highlight-the-different-types-of-west-1750358165?ref=riskmarketnews.com)

#### [Gizmodo](http://gizmodo.com/a-pair-of-tremors-highlight-the-different-types-of-west-1750358165?ref=riskmarketnews.com)

The stories behind why they two recent quakes happened reveal dramatically different Worst Case Scenarios for future earthquakes.

### [Scientists Create New Tool to Fight Spread of the Plague](http://www.cnn.com/2015/12/30/health/plague-hotspots-in-united-states/?ref=riskmarketnews.com)

#### [CNN](http://www.cnn.com/2015/12/30/health/plague-hotspots-in-united-states/?ref=riskmarketnews.com)

Scientists have created a predictive map that may help identify areas of the United States likely to see cases of plague in the near future.

## Risk Business: What You Need to Read Today

### [Reinsurers Hit by Falling Renewal Prices](http://www.ft.com/intl/cms/s/0/f8c525bc-af05-11e5-993b-c425a3d2b65a.html?ref=riskmarketnews.com#axzz3vtgUPRnv)

#### [FT (sub may be required)](http://www.ft.com/intl/cms/s/0/f8c525bc-af05-11e5-993b-c425a3d2b65a.html?ref=riskmarketnews.com#axzz3vtgUPRnv)

Reinsurers are facing further pressure after the December contract renewal season delivered another year of falling prices — the fourth in succession.

### [One Rule to Bind Them All](http://www.economist.com/news/finance-and-economics/21684810-new-regulations-will-give-better-sense-soundness-europes-insurers-one?fsrc=rss&ref=riskmarketnews.com)

#### [The Economist](http://www.economist.com/news/finance-and-economics/21684810-new-regulations-will-give-better-sense-soundness-europes-insurers-one?fsrc=rss&ref=riskmarketnews.com)

New regulations will give a better sense of the soundness of Europe’s insurers.

### [North Texas Tornadoes Caused $1.2 Billion in Insured Damage](http://www.star-telegram.com/news/local/community/fort-worth/article52141310.html?ref=riskmarketnews.com)

#### [Ft. Worth Star Telegram](http://www.star-telegram.com/news/local/community/fort-worth/article52141310.html?ref=riskmarketnews.com)

Weekend tornadoes that ripped through North Texas caused $1.2 billion worth of insured damage, according to preliminary figures released Tuesday by the Insurance Council of Texas.

### [China Regulators Seek to Cover Risks Posed by Aggressive Insurers](http://www.wsj.com/articles/china-regulators-seek-to-cover-risks-posed-by-aggressive-insurers-1451476818?ref=riskmarketnews.com)

#### [WSJ (sub may be required)](http://www.wsj.com/articles/china-regulators-seek-to-cover-risks-posed-by-aggressive-insurers-1451476818?ref=riskmarketnews.com)

Beijing worried stock purchases and the sale of high-return products by insurers are adding to market volatility.