February 2, 2016: Earthquake Activity Steady, Zika Spreading and Underpricing India Catastrophes
Risk Science: What You Need to Read Today
Studying the Heart of El Niño, Where Its Weather Begins
New York Times
Scientists have not been successful at forecasting an El Niño’s effect on weather.
How the Zika Virus Can Spread
The New Yorker
Epidemiologists say that the virus’s invisibility makes it more dangerous.
Global Earthquake Numbers on Par for 2015
USGS
Globally there were 14,588 earthquakes of magnitude 4.0 or greater in 2015.
Weathering the Storm: Why GIS is Key to Catastrophe Planning
ITProPortal
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
Dealbook
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
Business Standard (India)
“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
WSJ (sub may be required)
European oil companies have struggled to find tankers with insurance that covers shipments from Iran.
Homeowners Grapple with Problems of Floods Insurance
Financial Times (sub may be required)
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.