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# February 19, 2015: Australian Double Cyclones and $1B Cyber Insurance Minimum
- URL: https://www.riskmarketnews.com/february-19-2015-australian-double-cyclones-1b-cyber-insurance-minimum/
- Published: 2015-02-19T06:53:53.000Z
- Updated: 2015-02-19T06:53:53.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Cyclone Marcia and Cyclone Lam Intensify, Approach Queensland, NT](http://www.theaustralian.com.au/news/nation/cyclone-marcia-and-cyclone-lam-intensify-approach-queensland-nt/story-e6frg6nf-1227225019371?ref=riskmarketnews.com)

#### [The Australian](http://www.theaustralian.com.au/news/nation/cyclone-marcia-and-cyclone-lam-intensify-approach-queensland-nt/story-e6frg6nf-1227225019371?ref=riskmarketnews.com)

Trpical Cyclone Marcia is expected to grow into a category five storm as its “very destructive core” moves into coastal Queensland.

### [How a Satellite Is Transforming Earthquake Monitoring](http://io9.com/how-a-satellite-is-transforming-earthquake-monitoring-1686700565?ref=riskmarketnews.com)

#### [i09](http://io9.com/how-a-satellite-is-transforming-earthquake-monitoring-1686700565?ref=riskmarketnews.com)

The European Space Agency’s Sentinel-1A was launched just last year, and it’s already proving its importance as the first satellite actually optimized to target areas of seismic activity.

### [Swine Flu Deaths at 663, People Affected Cross 10,000 ](http://economictimes.indiatimes.com/news/politics-and-nation/swine-flu-deaths-at-663-people-affected-cross-10000/articleshow/46289574.cms?ref=riskmarketnews.com)

#### [Economic Times](http://economictimes.indiatimes.com/news/politics-and-nation/swine-flu-deaths-at-663-people-affected-cross-10000/articleshow/46289574.cms?ref=riskmarketnews.com)

Swine flu deaths have soared to 663 across the country while number of people affected by it breached the 10,000 mark as the virus spread to new places like Nagaland.

### [Why Can You Fly Into A Hurricane, But Not A Thunderstorm?](http://www.huffingtonpost.com/2015/02/18/fly-into-hurricane-thunderstorm-video%5Fn%5F6702996.html?ref=riskmarketnews.com)

#### [Huffington Post](http://www.huffingtonpost.com/2015/02/18/fly-into-hurricane-thunderstorm-video%5Fn%5F6702996.html?ref=riskmarketnews.com)

When flying, pilots avoid thunderstorms like the plague. Yet, so-called “Hurricane Hunters” have no problem flying straight into hurricanes. How can this be?

## Risk Business: What You Need to Read Today

### [Swiss Re Offers Cash to Shareholders as Reinsurance Rates Fall](http://www.reuters.com/article/2015/02/19/swissre-results-idUSL5N0VT0HC20150219?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/2015/02/19/swissre-results-idUSL5N0VT0HC20150219?ref=riskmarketnews.com)

Fierce competition, and falling prices for the risk cover they provide insurance company clients, mean reinsurers are preferring to return money to their investors.

### [8 Tax Loopholes the Obama Administration Could Close](http://dealbook.nytimes.com/2015/02/18/8-tax-loopholes-the-obama-administration-could-close/?%5Fr=0&ref=riskmarketnews.com)

#### [DealBook](http://dealbook.nytimes.com/2015/02/18/8-tax-loopholes-the-obama-administration-could-close/?%5Fr=0&ref=riskmarketnews.com)

5\. Close the hedge fund reinsurance loophole.

### [Cyber Attack Risk Requires $1bn of Insurance Cover, Companies Warned](http://www.ft.com/intl/cms/s/0/61880f7a-b3a7-11e4-a6c1-00144feab7de.html?ref=riskmarketnews.com#axzz3S606tn1Y)

#### [Financial Times (sub may be required)](http://www.ft.com/intl/cms/s/0/61880f7a-b3a7-11e4-a6c1-00144feab7de.html?ref=riskmarketnews.com#axzz3S606tn1Y)

Eight U.S. web giants have joined hands to start a public campaign for new lion how governments collect user information amid concerns of growing online surveillance.

### [FEMA in Settlement Talks Over Sandy Flood Insurance Claims](http://www.bloomberg.com/news/articles/2015-02-18/fema-in-settlement-talks-with-sandy-flood-victims-over-insurance?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2015-02-18/fema-in-settlement-talks-with-sandy-flood-victims-over-insurance?ref=riskmarketnews.com)

he Federal Emergency Management Agency is working to settle lawsuits by hundreds of Hurricane Sandy victims who challenged denials or alleged underpayments of flood insurance claims.