February 9, 2016: AIG to Cut Hedge Funds and Run, California Quake Risk Even Worse
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February 9, 2016: AIG to Cut Hedge Funds and Run, California Quake Risk Even Worse

Risk Science: What You Need to Read Today

Double Dose of Bad Earthquake News

University of California

Researchers find that earthquakes on thrust faults can spread 10 times farther to a second nearby thrust fault than previously thought.

Exposure to Air Pollution 30 years Ago Associated with Increased Risk of Death

Imperial College of London

Exposure to air pollution more than 30 years ago may still affect an individual’s mortality risk today, according to new research.

Millions Could Die as World Unprepared for Pandemics, Says UN

The Guardian

Panel convened to analyse deadly outbreaks says capacity to respond to communicable diseases remains ‘woefully insufficient.’

Australia Cuts 110 Climate Scientist Jobs

Scientific American

Because the science is settled there is no need for more basic research, the government says.

Risk Business: What You Need to Read Today

AIG to Plan Exit From at Least Half of Hedge Fund Positions

Bloomberg

AIG is planning for increased volatility that could pressure high-risk assets, and for a possible period of limited liquidity in financial markets.

Heritage, Anchor Eye Up to 66,500 Citizens Insurance Policies in April

Palm Beach Post

More than one in eight of Citizen’s remaining customers could transfer to the private market.

Flood Re Will Struggle to Keep Premiums Low in the Face of Increased Risk

FT (sub may be required)

“In its current form, Flood Re will have very little impact on our approach to flood insurance as a nation.”

China Becomes World’s Third Largest Insurance Market

Xinhua

Total assets of the whole insurance industry in China more than doubled from 5 trillion yuan in 2010 to 12 trillion yuan in 2015.

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