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# December 7, 2016: Sumitomo's Weather Insurance Push, Killer Aceh Quake and Insurers Losing Control of Climate Change
- URL: https://www.riskmarketnews.com/december-7-2016-sumitomos-weather-insurance-push-killer-aceh-quake-insurers-losing-control-climate-change/
- Published: 2016-12-07T06:17:37.000Z
- Updated: 2016-12-07T06:17:37.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Indonesia Earthquake Kills Dozens in Aceh Province](https://www.theguardian.com/world/2016/dec/07/aceh-earthquake-children-among-dead-and-dozens-more-trapped-on-sumatra?ref=riskmarketnews.com)

#### [The Guardian](https://www.theguardian.com/world/2016/dec/07/aceh-earthquake-children-among-dead-and-dozens-more-trapped-on-sumatra?ref=riskmarketnews.com)

Death toll from shallow 6.5-magnitude quake that struck at dawn rises to 97, as officials call for excavation equipment and emergency supplies.

### [Hulking Hurricanes: Seeking Greater Accuracy in Predicting Storm Strength](http://phys.org/news/2016-12-hulking-hurricanes-greater-accuracy-storm.html?ref=riskmarketnews.com)

#### [Phys.org](http://phys.org/news/2016-12-hulking-hurricanes-greater-accuracy-storm.html?ref=riskmarketnews.com)

Although weather forecasters have become better at forecasting a hurricane’s path and landfall, they struggle with predicting its strength.

### [IBM Watson for Cybersecurity Inches from Research to Reality](http://fortune.com/2016/12/06/ibm-watson-cybersecurity-beta/?ref=riskmarketnews.com)

#### [Fortune](http://fortune.com/2016/12/06/ibm-watson-cybersecurity-beta/?ref=riskmarketnews.com)

Forty organizations are testing a “beta” version of Big Blue’s machine learning tech.

### [Here’s Why Computer Models 10 Days Into the Future Cannot Be Trusted](https://www.washingtonpost.com/news/capital-weather-gang/wp/2016/12/06/heres-why-computer-models-ten-days-into-the-future-cannot-be-trusted/?utm%5Fterm=.7a5e20ded220&ref=riskmarketnews.com)

#### [Washington Post](https://www.washingtonpost.com/news/capital-weather-gang/wp/2016/12/06/heres-why-computer-models-ten-days-into-the-future-cannot-be-trusted/?utm%5Fterm=.7a5e20ded220&ref=riskmarketnews.com)

Now is a good time to remind everyone that forecasts for extreme winter weather events more than about five to seven days into the future are not reliable.

## Risk Business: What You Need to Read Today

### [Mitsui Sumitomo to Sell Weather-Linked Insurance](http://asia.nikkei.com/Business/Companies/Mitsui-Sumitomo-to-sell-weather-linked-insurance?ref=riskmarketnews.com)

#### [Nikkei ](http://asia.nikkei.com/Business/Companies/Mitsui-Sumitomo-to-sell-weather-linked-insurance?ref=riskmarketnews.com)

The Japanese insurer has partnered with NASA to develop the product.

### [U.S. Top Court Rules Against State Farm in Hurricane Fraud Case](http://www.reuters.com/article/us-usa-court-statefarm-idUSKBN13V20P?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-usa-court-statefarm-idUSKBN13V20P?ref=riskmarketnews.com)

The Supreme Court handed a victory to two whistleblower sisters by upholding a jury verdict that found State Farm defrauded the U.S. government.

### [Climate Change Threatens Ability of Insurers to Manage Risk](https://www.theguardian.com/environment/2016/dec/07/climate-change-threatens-ability-insurers-manage-risk?CMP=share%5Fbtn%5Ftw&ref=riskmarketnews.com)

#### [The Guardian](https://www.theguardian.com/environment/2016/dec/07/climate-change-threatens-ability-insurers-manage-risk?CMP=share%5Fbtn%5Ftw&ref=riskmarketnews.com)

Extreme weather is driving up uninsured losses and insurers must use investments to fund global warming resilience, says study.

### [China Turns Hostile on Takeovers.](https://www.theguardian.com/environment/2016/dec/07/climate-change-threatens-ability-insurers-manage-risk?CMP=share%5Fbtn%5Ftw&ref=riskmarketnews.com)

#### [Bloomberg Gadfly](https://www.theguardian.com/environment/2016/dec/07/climate-change-threatens-ability-insurers-manage-risk?CMP=share%5Fbtn%5Ftw&ref=riskmarketnews.com)

The country’s insurance regulator is cracking down on the most active acquirers — insurance companies.