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# February 2, 2016: Earthquake Activity Steady, Zika Spreading and Underpricing India Catastrophes
- URL: https://www.riskmarketnews.com/february-2-2016-earthquake-activity-steady-zika-spreading-and-underpricing-india-catastrophes/
- Published: 2016-02-02T07:25:58.000Z
- Updated: 2016-02-02T07:25:58.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Studying the Heart of El Niño, Where Its Weather Begins](http://www.nytimes.com/2016/02/02/science/where-el-nino-weather-begins-pacific-ocean-noaa.html?ref=riskmarketnews.com)

#### [New York Times](http://www.nytimes.com/2016/02/02/science/where-el-nino-weather-begins-pacific-ocean-noaa.html?ref=riskmarketnews.com)

Scientists have not been successful at forecasting an El Niño’s effect on weather.

### [How the Zika Virus Can Spread](http://www.newyorker.com/tech/elements/how-zika-virus-can-spread?ref=riskmarketnews.com)

#### [The New Yorker](http://www.newyorker.com/tech/elements/how-zika-virus-can-spread?ref=riskmarketnews.com)

Epidemiologists say that the virus’s invisibility makes it more dangerous.

### [Global Earthquake Numbers on Par for 2015](http://www.usgs.gov/newsroom/article.asp?ID=4447&ref=riskmarketnews.com#.VrCWssd2n%5Fs)

#### [USGS](http://www.usgs.gov/newsroom/article.asp?ID=4447&ref=riskmarketnews.com#.VrCWssd2n%5Fs)

Globally there were 14,588 earthquakes of magnitude 4.0 or greater in 2015.

### [Weathering the Storm: Why GIS is Key to Catastrophe Planning](http://www.itproportal.com/2016/02/02/weathering-the-storm-why-gis-key-to-catastrophe-planning/?utm%5Fsource=feedburner&utm%5Fmedium=feed&utm%5Fcampaign=Feed%3A+itproportal%2Frss+%28Latest+ITProPortal+News%29)

#### [ITProPortal](http://www.itproportal.com/2016/02/02/weathering-the-storm-why-gis-key-to-catastrophe-planning/?utm%5Fsource=feedburner&utm%5Fmedium=feed&utm%5Fcampaign=Feed%3A+itproportal%2Frss+%28Latest+ITProPortal+News%29)

Enterprise GIS is increasingly an integral part of catastrophe planning, making disaster response proactive rather than purely reactive.

## Risk Business: What You Need to Read Today

### [A.I.G. Plans to Streamline, but Not Divide, Itself](http://www.nytimes.com/2016/02/02/business/dealbook/aig-plans-to-streamline-but-not-divide-itself.html?%5Fr=0&ref=riskmarketnews.com)

#### [Dealbook](http://www.nytimes.com/2016/02/02/business/dealbook/aig-plans-to-streamline-but-not-divide-itself.html?%5Fr=0&ref=riskmarketnews.com)

A big part of the strategic plan is the promise of at least $25 billion in stock buybacks and dividends.

### [Price Correction Needed in Non-Life Sector, Says IRDAI Chairman](http://www.business-standard.com/article/finance/price-correction-needed-in-non-life-sector-says-irdai-chairman-116020200070%5F1.html?ref=riskmarketnews.com)

#### [Business Standard (India)](http://www.business-standard.com/article/finance/price-correction-needed-in-non-life-sector-says-irdai-chairman-116020200070%5F1.html?ref=riskmarketnews.com)

“Some revision in pricing is required especially in areas like insurance for natural catastrophe.”

### [U.K. Insurance Group in Talks with U.S. to Allow Insurance Coverage of Iranian Oil](http://www.wsj.com/articles/u-k-insurance-group-in-talks-with-u-s-to-allow-insurance-coverage-of-iranian-oil-1454383307?ref=riskmarketnews.com)

#### [WSJ (sub may be required)](http://www.wsj.com/articles/u-k-insurance-group-in-talks-with-u-s-to-allow-insurance-coverage-of-iranian-oil-1454383307?ref=riskmarketnews.com)

European oil companies have struggled to find tankers with insurance that covers shipments from Iran.

### [Homeowners Grapple with Problems of Floods Insurance](http://www.ft.com/intl/cms/s/0/f04a50b6-c8fe-11e5-be0b-b7ece4e953a0.html?ref=riskmarketnews.com#axzz3z0YR84ri)

#### [Financial Times (sub may be required) ](http://www.ft.com/intl/cms/s/0/f04a50b6-c8fe-11e5-be0b-b7ece4e953a0.html?ref=riskmarketnews.com#axzz3z0YR84ri)

December’s inundation have raised questions over whether Flood Re on its own is a sufficient response to the risk and growing costs of flooding.