February 20, 2015: Cyclone Marcia Upends Australia, Greenberg Gets a Break and Euro Pensions Go Green
Risk Science: What You Need to Read Today
Cyclone Marcia: Climate Change is Expanding the Tropics
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
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
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
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
Funds are increasingly using environmental, social and governance criteria in their investment decisions.
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