Risk Science: What You Need to Read Today
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
Main damage was to food gardens, boats and infrastructure around the coast as well as flooding in some areas.
It only re-confirms that the seismic faultlines of the eastern Himalayas are hyper-active.
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 Insurance Group AG will appoint Mario Greco, the head of its Italian rival Assicurazioni Generali SpA, as chief executive officer, Swiss newspaper SonntagsZeitung reported.
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.
Alternative insurers can assume policy if holder doesn’t opt out as Citizens actively seeking to decrease the number of policies.
People tend to underestimate a disaster’s occurrence or impact or faced budgetary constraints around insurance.