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# December 7, 2015: Bermuda Fights Back and Mapping Australian Bushfire
- URL: https://www.riskmarketnews.com/december-7-2015/
- Published: 2015-12-07T08:33:25.000Z
- Updated: 2015-12-07T08:33:25.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### 

### [‘Chennai Floods an Eye Opener for City Planners’](http://www.thehindu.com/news/national/chennai-rains-chennai-floods-an-eye-opener-for-city-planners/article7952141.ece?ref=riskmarketnews.com)

#### [The Hindu](http://www.thehindu.com/news/national/chennai-rains-chennai-floods-an-eye-opener-for-city-planners/article7952141.ece?ref=riskmarketnews.com)

Some experts have opined that Chennai being one of the outsourcing hub of India and a major destination of foreign investment, the current disastrous situation could also affect the national economy.  

### [Bushfire Map Shows Most of Western Australia Prone to Fires](http://www.perthnow.com.au/news/western-australia-bushfires/bushfire-map-shows-most-of-western-australia-prone-to-fires/news-story/fec55194715aeaaa18f8d1effe22cf41?ref=riskmarketnews.com)

#### [Perth Now](http://www.perthnow.com.au/news/western-australia-bushfires/bushfire-map-shows-most-of-western-australia-prone-to-fires/news-story/fec55194715aeaaa18f8d1effe22cf41?ref=riskmarketnews.com)

The extent of WA’s fire danger can be laid bare for the first time.  

### [QUT Creates Earthquake Sensor System for Buildings](http://www.iothub.com.au/news/qut-creates-earthquake-sensor-system-for-buildings-412709?ref=riskmarketnews.com)

#### [IoT Hub](http://www.iothub.com.au/news/qut-creates-earthquake-sensor-system-for-buildings-412709?ref=riskmarketnews.com)

Researchers at the Queensland University of Technology have developed an advanced structural health monitoring system and have embedded it into one of their campus buildings.  

### [Photos: Storm Desmond Flooding Has Broken UK Rainfall Records](http://qz.com/566932/photos-storm-desmond-flooding-has-broken-uk-rainfall-records/?ref=riskmarketnews.com)

#### [Quartz](http://qz.com/566932/photos-storm-desmond-flooding-has-broken-uk-rainfall-records/?ref=riskmarketnews.com)

A punishing storm hit the United Kingdom this weekend, knocking out power to tens of thousands of homes and flooding parts of northern England, Ireland, and Scotland.  

## Risk Business: What You Need to Read Today

### 

### [Chinese Companies Look at Insurance Stakes](http://www.smh.com.au/business/banking-and-finance/chinese-companies-look-at-insurance-stakes-20151204-glfueb.html?ref=riskmarketnews.com)

#### [Sydney Morning Herald](http://www.smh.com.au/business/banking-and-finance/chinese-companies-look-at-insurance-stakes-20151204-glfueb.html?ref=riskmarketnews.com)

Chinese financial services companies may soon snap up stakes in Australian insurers, as Asian businesses seek to diversify their footprints and learn from their developed-country counterparts.  

### [Bermuda Accuses Critics of ‘a Lack of Respect’ Over Transparency](http://www.ft.com/intl/cms/s/0/cb2b0fd4-9ab7-11e5-be4f-0abd1978acaa.html?ref=riskmarketnews.com#axzz3tZREt13Q)

#### [Financial Times (sub may be required)](http://www.ft.com/intl/cms/s/0/cb2b0fd4-9ab7-11e5-be4f-0abd1978acaa.html?ref=riskmarketnews.com#axzz3tZREt13Q)

Campaigners attack offshore centre for support of tax dodging, corruption and terrorist financing.  

### [AIG Seeks to Raise About $750 Mln in PICC Property Stake Sale – IFR](http://www.reuters.com/article/piccprptycsulty-stakesale-aig-idUSL3N13W35Q20151207?ref=riskmarketnews.com#o5vHEKith40RGoVc.97)

#### [Reuters](http://www.reuters.com/article/piccprptycsulty-stakesale-aig-idUSL3N13W35Q20151207?ref=riskmarketnews.com#o5vHEKith40RGoVc.97)

AIG is offering between 355 million and 365 million shares in PICC Property and Casualty in a range of HK$16.08-HK$16.38 each.  

### [Thousands of Homes Damaged by Sandy Remain Uninsured](http://www.newsday.com/business/thousands-of-homes-damaged-by-sandy-remain-uninsured-1.11195331?ref=riskmarketnews.com)

#### [Newsday (sub may be required)](http://www.newsday.com/business/thousands-of-homes-damaged-by-sandy-remain-uninsured-1.11195331?ref=riskmarketnews.com)

Thousands of Long Island homes damaged by superstorm Sandy are still not covered by flood insurance, leaving much of the region dependent on government aid if another catastrophe hits.