January 11, 2015: A January Hurricane, Florida Pushes the Opt Out Envelope and Zurich Lines Up a New CEO
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January 11, 2015: A January Hurricane, Florida Pushes the Opt Out Envelope and Zurich Lines Up a New CEO

Risk Science: What You Need to Read Today

Could Atlantic Have Named Storm in January? Hurricane Center Raises the Chances

AL.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

ABC News

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

HindustanTimes

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

St. Louis Post Dispatch 

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

Bloomberg

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

The Guardian

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

Miami Herald

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

Financial Review

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

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