February 20, 2015: Cyclone Marcia Upends Australia, Greenberg Gets a Break and Euro Pensions Go Green

Chris Westfall
Chris Westfall

Risk Science: What You Need to Read Today

Cyclone Marcia: Climate Change is Expanding the Tropics

The Australian 

The southward shift of cyclones under climate change will force planners to demand stronger building standards as far south as Coffs Harbour on the NSW North Coast.

Before the Storm: Shifting Federal Disaster Policy Toward Mitigation

Brookings Instititution

In focusing on after-the-fact response and recovery, we haven’t done as much as we should before natural disasters hit.

Coastal Areas to Get ‘Biggest High Tides’ for Two Decades

BBC News

The biggest high tides seen in the West of England in two decades could hit the area this weekend, the Environment Agency has said.

U.S. Geological Survey Urges Greater Transparency, Data Sharing Amid Rise in Earthquakes Linked to Injection Wells

News OK

Oklahoma had 585 earthquakes greater than magnitude 3.0 in 2014, up from 109 earthquakes of that magnitude or greater in 2013.

Risk Business: What You Need to Read Today

Suncorp Caps Its TCMarcia Liability at No Higher Than $200 Million


A statement said Suncorp had reinsurance covers that would “limit the financial impact of this event to a maximum of $200 million (pre-tax)”.

Insurance Council of Australia Declares Catastrophe Zones, Banks Offering Loan Relief

Courier Mail (Brisbane)

Cyclone Marcia has prompted the insurance industry to declare some swamped zones a catastrophe.

The ‘Risk-Free’ Hank Greenberg Case

WSJ (sub may be required)

Government notes detail the changing story from its key witness.

European Pensions Go Green for Social, and Bottom-Line, Benefits

Institutional Investor

Funds are increasingly using environmental, social and governance criteria in their investment decisions.