December 7, 2016: Sumitomo's Weather Insurance Push, Killer Aceh Quake and Insurers Losing Control of Climate Change
1 min read

December 7, 2016: Sumitomo's Weather Insurance Push, Killer Aceh Quake and Insurers Losing Control of Climate Change

Risk Science: What You Need to Read Today

Indonesia Earthquake Kills Dozens in Aceh Province

The Guardian

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

Phys.org

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

Fortune

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

Washington Post

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

Nikkei 

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

U.S. Top Court Rules Against State Farm in Hurricane Fraud Case

Reuters

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

The Guardian

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

China Turns Hostile on Takeovers.

Bloomberg Gadfly

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

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