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# January 11, 2015: A January Hurricane, Florida Pushes the Opt Out Envelope and Zurich Lines Up a New CEO
- URL: https://www.riskmarketnews.com/january-11-2015-a-january-hurricane-florida-pushes-the-opt-out-envelope-and-zurich-lines-up-a-new-ceo/
- Published: 2016-01-11T07:51:07.000Z
- Updated: 2016-01-11T07:51:07.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Could Atlantic Have Named Storm in January? Hurricane Center Raises the Chances](http://www.al.com/news/index.ssf/2016/01/could%5Fatlantic%5Fhave%5Fnamed%5Fstor.html?ref=riskmarketnews.com)

#### [AL.com](http://www.al.com/news/index.ssf/2016/01/could%5Fatlantic%5Fhave%5Fnamed%5Fstor.html?ref=riskmarketnews.com)

A stubborn storm system in the Atlantic still has a chance to become 2016’s first named storm — in the middle of winter.

### [Cyclone Ula: Category Four Cyclone Weakens and Heads South-West, Leaving Vanuatu Food Gardens Devastated](http://www.abc.net.au/news/2016-01-11/cyclone-ula-weakens-and-heads-south-west-of-vanuatu/7079736?ref=riskmarketnews.com)

#### [ABC News](http://www.abc.net.au/news/2016-01-11/cyclone-ula-weakens-and-heads-south-west-of-vanuatu/7079736?ref=riskmarketnews.com)

Main damage was to food gardens, boats and infrastructure around the coast as well as flooding in some areas.

### [Manipur Earthquake is Another Wake-Up Call for India](http://www.hindustantimes.com/analysis/manipur-earthquake-is-another-wake-up-call-for-india/story-Rijfl3QlXDGlxXDcTd9BbL.html?ref=riskmarketnews.com)

#### [HindustanTimes](http://www.hindustantimes.com/analysis/manipur-earthquake-is-another-wake-up-call-for-india/story-Rijfl3QlXDGlxXDcTd9BbL.html?ref=riskmarketnews.com)

It only re-confirms that the seismic faultlines of the eastern Himalayas are hyper-active.

### [As the River Water Recedes, Calls for New Approaches Rise](http://www.stltoday.com/business/local/as-the-river-water-recedes-calls-for-new-approaches-rise/article%5F4030f267-e20e-5652-b81f-91bdd0c1ca3e.html?ref=riskmarketnews.com)

#### [St. Louis Post Dispatch ](http://www.stltoday.com/business/local/as-the-river-water-recedes-calls-for-new-approaches-rise/article%5F4030f267-e20e-5652-b81f-91bdd0c1ca3e.html?ref=riskmarketnews.com)

Three days of pounding rain last month exposed the problems of changing weather patterns, urban sprawl and new levees.

## Risk Business: What You Need to Read Today

### [Zurich Close to Naming Greco CEO, SonntagsZeitung Says](http://www.bloomberg.com/news/articles/2016-01-10/zurich-insurance-close-to-naming-greco-ceo-sonntagszeitung-says?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-01-10/zurich-insurance-close-to-naming-greco-ceo-sonntagszeitung-says?ref=riskmarketnews.com)

Zurich Insurance Group AG will appoint Mario Greco, the head of its Italian rival Assicurazioni Generali SpA, as chief executive officer, Swiss newspaper SonntagsZeitung reported.

### [Final Bill for Winter Flooding Will Hit £1.3bn, Insurers Say](http://www.theguardian.com/business/2016/jan/11/flooding-bill-will-hit-13bn-say-insurers?ref=riskmarketnews.com)

#### [The Guardian](http://www.theguardian.com/business/2016/jan/11/flooding-bill-will-hit-13bn-say-insurers?ref=riskmarketnews.com)

Association of British Insurers says average payout for domestic claims is £50,000 – a rise on last year – but total cost will be less than half of 2007 floods.

### [Citizens Policyholders Face Multiple ‘Opt Out’ Notices](http://www.miamiherald.com/news/business/personal-finance/article53885905.html?ref=riskmarketnews.com)

#### [Miami Herald](http://www.miamiherald.com/news/business/personal-finance/article53885905.html?ref=riskmarketnews.com)

Alternative insurers can assume policy if holder doesn’t opt out as Citizens actively seeking to decrease the number of policies.

### [UBS Warns Australian Middle Class Will Not Escape Unscathed from Climate Change](http://www.afr.com/news/policy/climate/ubs-warns-aussie-middle-class-will-not-escape-unscathed-by-climate-change-20160111-gm3lyk?ref=riskmarketnews.com)

#### [Financial Review](http://www.afr.com/news/policy/climate/ubs-warns-aussie-middle-class-will-not-escape-unscathed-by-climate-change-20160111-gm3lyk?ref=riskmarketnews.com)

People tend to underestimate a disaster’s occurrence or impact or faced budgetary constraints around insurance.