February 24, 2015: Questioning Cyclone Marcia's Strength, Buffett Delegates

Chris Westfall
Chris Westfall

Risk Science: What You Need to Read Today

Climate Researcher Questions Cyclone Marcia’s Category 5 Status

Courier Mail

A researcher at Central Queensland University has claimed the weather bureau’s Cyclone Marcia forecasts were inaccurate and irresponsible.

Winter Storms Slam Southern U.S.

USA Today

The southern tier of the U.S. is getting in on the wintry weather this week as a pair of storms slide across the southern Plains and Southeast.

Plague Pandemic May Have Been Driven by Climate, Not Rats

Smiths onian

The bacteria responsible for the Black Death were reintroduced to Europe multiple times, possibly due to the changing climate.

Study Finds Climate Change May Dramatically Reduce Wheat Production

High Plains Journal

At least one-quarter of the world’s wheat production will be lost to extreme weather from climate change if no adaptive measures are taken.

Risk Business: What You Need to Read Today

Buffett Tells Deputies to Supervise Newest Berkshire Businesses


By delegating more, Buffett freeing up his time and building capacity in an organization that will someday have to run without him.

Qld Cyclone Insurance Claims Hit $50m

Sky News Australia

The Insurance Council of Australia (ICA) on Tuesday revealed 8950 claims had been lodged by policy holders affected by the category five cyclone.

John Tiner in Running to Chair Towergate

FT (sub may be required)

A former head of the UK financial regulator is in the running to chair Towergate as the insurance broker’s new owners turn to City heavyweights to help it recover from a cash crisis.

Reinsurance Rate to Remain Flat, Barring Aviation Sector

Business Standard

While reinsurance rates for this year are likely to remain flat because no major catastrophic event impacted the books of companies in 2014, some segments such as aviation are expected to see some marginal impact.