> ## Content Index > Fetch the complete content index at: https://www.riskmarketnews.com/llms.txt > Use this file to discover other available public pages before exploring further. # Hurricane Worries, COVID Scenerios - URL: https://www.riskmarketnews.com/hurricane-worries-covid-scenerios/ - Published: 2020-06-01T14:38:42.000Z - Updated: 2020-08-19T10:24:06.000Z - Description: Insurance investment exec center of Central Park "dog walker" uproar - Author: Chris Westfall - Tags: #substack, RMN Member Newsletter *For paid subscribers today* [Despite COVID-19, RMS On Target for Model Products](https://www.riskmarketnews.com/despite-covid-19-rms-on-target-for/) *Consider subscribing to RMN* [Subscribe now](https://riskmarketnews.substack.com/subscribe?) --- ### Monday Risk Reads #### Insurance Losses Mounting As Hurricane Season Starts > Meteorologists are forecasting that the Atlantic 2020 hurricane season, which officially finishes on Nov. 30, will be above average. > “What we’ve seen over the past couple of years is an increase of (storm) losses from a frequency and severity perspective,” said Susan Fallon, Global Head of Property at Zurich Insurance Group. > “There’s an expectation we will see increased rates.” [Hurricanes may cause more pain for pandemic-hit insurers](https://www.reuters.com/article/us-insurance-hurricanes/hurricanes-may-cause-more-pain-for-pandemic-hit-insurers-idUSKBN2381HU?ref=riskmarketnews.com), Reuters #### Reserves Jump on Accounting Change > The tougher standard meant that three of the biggest public, multiline insurance companies alone—AIG Inc., Prudential Financial Inc., and MetLife Inc.—had to set aside $1.6 billion in reserves in the first quarter, a number that could swell under a pandemic-fueled recession. The rising numbers, however, are still viewed as largely inconsequential by many analysts given the total values of the conglomerates. [Unfazed as Insurers Boost Loss Reserves by Billions](https://news.bloombergtax.com/daily-tax-report/analysts-unfazed-as-insurers-boost-loss-reserves-by-billions?ref=riskmarketnews.com), Bloomberg Tax --- #### Insurance Investment Exec Caught In Uproar ![](https://storage.ghost.io/c/5f/d8/5fd861a0-e273-43de-ac77-c473390d89d5/content/images/public/images/678e7731-bafe-4ad1-8fee-06fe7bad3eca_1540x800.png) Amy Cooper, the white Central Park dog walker that was called out on social media after [falsely accusing a black bird watcher](https://www.nytimes.com/2020/05/27/nyregion/amy-cooper-christian-central-park-video.html?ref=riskmarketnews.com) of harrasment, is an insutance investmenbt professional from Franklin Templeton Investments, according to pubished reports and securities filings. Ms. Cooper was a CFA and portfolio manager and vice president of Franklin's insurance investments solutions. Before being dismissed from Franklin Templeton as a result of the incident, Ms. Cooper’s now deleted LinkedIn profile [reportedly stated ](https://poetsandquants.com/2020/05/26/chicago-booth-mba-loses-her-job-after-being-accused-of-racist-behavior/?pq-category=business-school-news&ref=riskmarketnews.com)that she had worked at the firm since 2015 as the leader of “the insurance portfolio management and strategy business.” “She is a recognized industry leader in insurance accounting and regulatory issues, asset-liability management, and strategic asset allocation. She has worked in a variety of insurance-focused roles,” according to reports of the profile. Prior to joining Franklin Templeton , she provided asset liability advisory services at AIG Investments, according to securities filings. --- #### Asia Embracing ILS > In Asia, the growing interest in ILS was highlighted by the recent acquisition by Peak Reinsurance (Peak Re), a Hong Kong-based reinsurance specialist backed by Fosun International, of the Bermuda-based ILS specialist Lutece, which Peak Re rebranded as Peak Capital. > In an interview with The Asset, Peak Re chief executive officer Franz Joseph Hahn, says Lutece, which is known in the ILS market for operating a very specific and targeted retro strategy, will provide Peak Re with a platform for expansion into other areas of the ILS market. [Insurance-linked securities key to investing in environmental risk](https://www.theasset.com/article-esg/40677/theasset.com?ref=riskmarketnews.com), The Asset #### Model Predicts Costs of Jumping The Gun on COVID > Published on May 27 in the Annals of Internal Medicine, the conclusions of the study conducted in Ontario suggests that the lifting of all social-distancing measures in the coming weeks would lead to a rapid resurgence of the virus that would saturate intensive care services in the province within a month. > The prediction, developed by Population Medicine Professor Amy Greer at the University of Guelph and researchers at the University of Toronto, Canada, is based on a mathematical model created in the early spring, which took into account the number of of COVID-19-infected patients in intensive care in Ontario between March 19 and May 3, and the death rate among these patients. [COVID-19: a Canadian study models the impact of the end of social distancing](https://news.yahoo.com/covid-19-canadian-study-models-impact-end-social-110508839.html?ref=riskmarketnews.com), AFP