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# February 24, 2016: US, European Insurance Talks Begin and Storms Slam Gulf Coast States
- URL: https://www.riskmarketnews.com/february-24-2016-us-european-insurance-talks-begin-and-storms-slam-gulf-coast-states/
- Published: 2016-02-24T09:30:42.000Z
- Updated: 2016-02-24T09:30:42.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Powerful Storms Roll Across South, Causing Death and Damage](http://abcnews.go.com/US/wireStory/powerful-storms-roll-south-causing-death-damage-37156085?ref=riskmarketnews.com)

#### [ABC](http://abcnews.go.com/US/wireStory/powerful-storms-roll-south-causing-death-damage-37156085?ref=riskmarketnews.com)

A deadly storm system that spawned tornadoes in Gulf Coast states Tuesday night was expected to bring severe weather to the Carolinas by Wednesday afternoon.

### [Swiss Re Chief Cautions on Cyber Security Risks](http://www.ft.com/intl/cms/s/0/b6d083ba-da05-11e5-a72f-1e7744c66818.html?ref=riskmarketnews.com#axzz40tTbqw8L)

#### [FT (sub may be required)](http://www.ft.com/intl/cms/s/0/b6d083ba-da05-11e5-a72f-1e7744c66818.html?ref=riskmarketnews.com#axzz40tTbqw8L)

Cyber security risks are far from being understood by the global insurers and could pose a threat rather than underwriting opportunity.

### [How Forest Loss Is Leading To a Rise in Human Disease](http://e360.yale.edu/feature/how%5Fforest%5Floss%5Fis%5Fleading%5Fto%5Fa%5Frise%5Fin%5Fhuman%5Fdisease%5Fmalaria%5Fzika%5Fclimate%5Fchange/2965/?ref=riskmarketnews.com)

#### [Yale 360](http://e360.yale.edu/feature/how%5Fforest%5Floss%5Fis%5Fleading%5Fto%5Fa%5Frise%5Fin%5Fhuman%5Fdisease%5Fmalaria%5Fzika%5Fclimate%5Fchange/2965/?ref=riskmarketnews.com)

A growing body of scientific evidence shows that the felling of tropical forests creates optimal conditions for the spread of mosquito-borne scourges, including malaria and dengue.

### [For Weather Forecasting, Precise Observations Matter More Than Butterflies](http://www.washington.edu/news/2016/02/23/for-weather-forecasting-precise-observations-matter-more-than-butterflies/?ref=riskmarketnews.com)

#### [University of Washington](http://www.washington.edu/news/2016/02/23/for-weather-forecasting-precise-observations-matter-more-than-butterflies/?ref=riskmarketnews.com)

A University of Washington study asks whether unobserved, minuscule disturbances — like those from butterfly wings — actually affect weather forecasts.

## Risk Business: What You Need to Read Today

### [U.S., EU Move Forward on Insurance Framework](http://www.wsj.com/articles/u-s-eu-move-forward-on-insurance-framework-1456251381?ref=riskmarketnews.com)

#### [WSJ (sub may be required)](http://www.wsj.com/articles/u-s-eu-move-forward-on-insurance-framework-1456251381?ref=riskmarketnews.com)

The plan could have major consequences for U.S. insurers with international operations.

### [Australians Underinsured for Natural Disasters that Cost More Than $6b a Year](http://www.smh.com.au/business/consumer-affairs/australians-underinsured-for-natural-disasters-that-cost-more-than-6b-a-year-20160223-gn1d9o.html?ref=riskmarketnews.com)

#### [Sydney Morning Herald](http://www.smh.com.au/business/consumer-affairs/australians-underinsured-for-natural-disasters-that-cost-more-than-6b-a-year-20160223-gn1d9o.html?ref=riskmarketnews.com)

At the height of the disaster season, experts are calling on “chronically underinsured” Australians to mitigate risk by planning ahead.

### [Zurich Insurance Explores HK and Singapore Sale – Sources](http://www.reuters.com/article/us-zurich-ins-group-m-a-asia-idUSKCN0VW264?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-zurich-ins-group-m-a-asia-idUSKCN0VW264?ref=riskmarketnews.com)

The Swiss insurer has discussed the plan with several investment banks but has yet to hire advisers, the sources said, cautioning that no deal was certain.

### [Greenwich Insurer Begins New Year With New CEO](http://www.greenwichtime.com/business/article/Greenwich-insurer-begins-new-year-with-new-CEO-6849904.php?ref=riskmarketnews.com)

#### [Greenwich Time](http://www.greenwichtime.com/business/article/Greenwich-insurer-begins-new-year-with-new-CEO-6849904.php?ref=riskmarketnews.com)

Rob Berkley promises things will get a lot more interesting in the coming months.