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
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
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
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
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
The Japanese insurer has partnered with NASA to develop the product.
U.S. Top Court Rules Against State Farm in Hurricane Fraud Case
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
Extreme weather is driving up uninsured losses and insurers must use investments to fund global warming resilience, says study.
China Turns Hostile on Takeovers.
The country’s insurance regulator is cracking down on the most active acquirers — insurance companies.
Risk Market News Newsletter
Join the newsletter to receive the latest updates in your inbox.