February 3, 2016: Zurich's Shrinkage, Tornados Tear Through the South and Einhorn's Reinsurance Life Raft
1 min read

February 3, 2016: Zurich's Shrinkage, Tornados Tear Through the South and Einhorn's Reinsurance Life Raft

Risk Science: What You Need to Read Today

Dozens of Homes Destroyed After Tornadoes Touch Down in Alabama, Mississippi

Fox News

Strong storms in the Southeast spawned tornadoes that touched down in Alabama and Mississippi Tuesday.

Governments and Earthquake Experts Intensify Planning for the ‘Really Big One’

Geek Wire

The White House unveiled more than a dozen actions to move ahead with an earthquake early-warning system for the West Coast, known as ShakeAlert.

Victims Remember Yasi five Years On

Sky News

The category five storm smashed into the coast between Innisfail and Cardwell in the very early hours of February 3, 2011 and went on to destroy hundreds of homes and damage thousands more.

With Severe Storms Expected, UAH Weather Researchers Gear Up to Study Them

AL.com

A new weather research lab at University of Alabama known as SWIRLL – Severe Weather Institute and Radar & Lightning Laboratories – is fully operational and ready for severe storms.

Risk Business: What You Need to Read Today

Zurich Insurance Ready to Shrink to Cut Claims, Risk Chief Says

Bloomberg

Zurich is “prepared to shrink” some of its businesses after being caught off guard by the scale of claims.

How Einhorn Survived a Nightmare Year

Bloomberg Gadfly

A stable source of funding from his reinsurance company helps.

China UnionPay Clamps Down on Foreign Insurance Purchases

WSJ (sub may be required)

Insurance policies sold mainly in Hong Kong by companies such as AIA Group PLC and Prudential PLC have become increasingly popular with mainland Chinese customers recently.

Hannover Re Says Falling Prices Won’t Hit 2016 Profit Goals

Reuters

The world’s third largest reinsurer said it was “largely satisfied” with the outcome of talks to renew reinsurance contracts in January.

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