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# February 17, 2016: Fosun Deal Fails, Modeling Ice Melt and AIG's Super Cool, Never Going to Happen Strategy 
- URL: https://www.riskmarketnews.com/february-17-2016-fosun-deal-fails-modeling-ice-melt-and-aigs-super-cool-never-going-to-happen-strategy/
- Published: 2016-02-17T05:31:45.000Z
- Updated: 2016-02-17T05:32:02.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Ice Sheet Modeling of Greenland, Antarctica Helps Predict Sea-level Rise](http://www.scientificcomputing.com/news/2016/02/ice-sheet-modeling-greenland-antarctica-helps-predict-sea-level-rise?ref=riskmarketnews.com)

#### [Scientific Computing](http://www.scientificcomputing.com/news/2016/02/ice-sheet-modeling-greenland-antarctica-helps-predict-sea-level-rise?ref=riskmarketnews.com)

The Greenland and Antarctic ice sheets will make a dominant contribution to 21st century sea-level rise if current climate trends continue.

### [Faster, More Accurate Tsunami Warnings With GPS](http://news.berkeley.edu/2016/02/16/faster-more-accurate-tsunami-warnings-with-gps/?ref=riskmarketnews.com)

#### [Berkley News](http://news.berkeley.edu/2016/02/16/faster-more-accurate-tsunami-warnings-with-gps/?ref=riskmarketnews.com)

GPS instruments already in place around the world could provide more rapid and more accurate warning of a tsunami, allowing nearly 20 minutes more to evacuate coastal areas.

### [Conspiracy Theories About Zika Spread Through Brazil With the Virus](http://www.nytimes.com/2016/02/17/world/americas/conspiracy-theories-about-zika-spread-along-with-the-virus.html?%5Fr=0&ref=riskmarketnews.com)

#### [New York Times](http://www.nytimes.com/2016/02/17/world/americas/conspiracy-theories-about-zika-spread-along-with-the-virus.html?%5Fr=0&ref=riskmarketnews.com)

The Zika virus, some Brazilians are convinced, is the inadvertent creation of a British biotech company.

### [Alberta’s Wildfire Season Threatens to Be a Long One](http://www.cbc.ca/news/canada/edmonton/alberta-s-wildfire-season-threatens-to-be-a-long-one-1.3450466?ref=riskmarketnews.com)

#### [CBC](http://www.cbc.ca/news/canada/edmonton/alberta-s-wildfire-season-threatens-to-be-a-long-one-1.3450466?ref=riskmarketnews.com)

Alberta wildfire officials are getting a jump what could be a long and busy season.

## Risk Business: What You Need to Read Today

### [Warren Buffett is Helping IAG Limit its Exposure to New Zealand Earthquakes](http://www.businessinsider.com.au/warren-buffett-is-helping-iag-limit-its-exposure-to-new-zealand-earthquakes-2016-2?ref=riskmarketnews.com)

#### [Business Insider Australia ](http://www.businessinsider.com.au/warren-buffett-is-helping-iag-limit-its-exposure-to-new-zealand-earthquakes-2016-2?ref=riskmarketnews.com)

The deal with Berkshire Hathaway effectively provides cover of up to $NZ5 billion via $NZ600 million of protection in excess of $NZ4.4 billion.

### [Fosun’s $460 Million Deal to Buy Israeli Insurance Company Fails](http://www.bloomberg.com/news/articles/2016-02-17/fosun-s-460-million-deal-to-buy-israeli-insurance-company-fails?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-02-17/fosun-s-460-million-deal-to-buy-israeli-insurance-company-fails?ref=riskmarketnews.com)

The Chinese and Israeli holding companies canceled the agreement for the controlling stake in Phoenix Holdings.

### [Citi Analyst: Google Won’t Buy AIG, But It’d Be A Whole Lot Cooler If It Did](http://dealbreaker.com/2016/02/citi-analyst-google-wont-buy-aig-but-itd-be-a-whole-lot-cooler-if-it-did/?ref=riskmarketnews.com)

#### [Dealbreaker](http://dealbreaker.com/2016/02/citi-analyst-google-wont-buy-aig-but-itd-be-a-whole-lot-cooler-if-it-did/?ref=riskmarketnews.com)

You ever get that feeling where, like, you know something won’t happen but it would be, like, totally awesome if it did?

### [Flood Insurance is the Hot New Thing After El Niño Rains](http://www.sfgate.com/news/article/Flood-insurance-is-the-hot-new-thing-after-El-6834715.php?ref=riskmarketnews.com)

#### [SF Gate](http://www.sfgate.com/news/article/Flood-insurance-is-the-hot-new-thing-after-El-6834715.php?ref=riskmarketnews.com)

Federal emergency officials reported Tuesday a surge in the number of California residents who have purchased flood insurance, most likely in response to a rainy El Niño winter.