Risk Science: What You Need to Read Today
West Australian Bushfires Force Town’s Residents to Be Evacuated to Beach
The Guardian
Bushfires burning south of Perth have destroyed two houses and three sheds, and firefighters near Northcliffe have been putting in 30-hour shifts.
Nothing Abnormal About Weather: Scientists
Times of India
“Phenomena of change in weather conditions are not observed on a monthly or yearly basis.”
Scientists Fly Into Storms in Search of Rain
San Diego Union Tribune
As Californians wait expectantly for rain, scientists from San Diego are flying through storms to find out what causes precipitation.
DisasterTech Hackathon to Honor Hurricane Katrina
GovernmentTech
Next week, civic hackers and first responders will convene to commemorate the 10th anniversary of Hurricane Katrina with dozens of new emergency apps.
Risk Business: What You Need to Read Today
Hannover Re Says Capital Markets Reinsurer Friend Not Foe
Bloomberg
The growth of insurance-linked products that allow investors to participate in the reinsurance market is “more friend than foe,” said Henning Ludolphs.
Draghi’s QE Strains German Life Insurers
FT (sub may be required)
Mario Draghi’s plan to revitalise the eurozone through quantitative easing will further undermine the solvency of life insurance and pension companies in the continent’s largest economy.
What it Takes to Be in Connecticut’s One Percent Club
Greenwich Time
It’s $678,000 in annual income, and in Darien 30.1 percent of employed residents work in either financial or insurance positions.
Stalled EQC Policy Review Leaves Global Reinsurers Uncertain Over Market
National Business Review
The government review of the Earthquake Commission’s funding and policy structures is leaving global reinsurers in limbo.
