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# January 12, 2015: Hedge Funds' Nutty California Drought Play, Canada Quakes and Sandy Storm Surge Suit
- URL: https://www.riskmarketnews.com/january-12-2015-hedge-funds-nutty-california-drought-play-canada-quakes-sandy-storm-surge-suit/
- Published: 2015-01-12T06:38:21.000Z
- Updated: 2015-01-12T06:38:46.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Invasion of the Hedge Fund Almonds](http://www.motherjones.com/environment/2015/01/california-drought-almonds-water-use?ref=riskmarketnews.com)

#### [Mother Jones](http://www.motherjones.com/environment/2015/01/california-drought-almonds-water-use?ref=riskmarketnews.com)

Massive financial interests—banks, pension funds, insurance companies—are moving rapidly into the nut trade in the midst of the worst drought in California’s history.

### [What Does Haiti Have to Show for $13 Billion in Earthquake Aid?](http://www.nbcnews.com/news/investigations/what-does-haiti-have-show-13-billion-earthquake-aid-n281661?ref=riskmarketnews.com)

#### [NBC](http://www.nbcnews.com/news/investigations/what-does-haiti-have-show-13-billion-earthquake-aid-n281661?ref=riskmarketnews.com)

Five years after an earthquake left corpses and rubble piled across Haiti, 85,000 people still live in crude displacement camps and many more in deplorable conditions.

### [Why Have There Been So Many Earthquakes Off the Coast of B.C.?](http://globalnews.ca/news/1762471/why-have-there-been-so-many-earthquakes-off-the-coast-of-b-c/?ref=riskmarketnews.com)

#### [Global News Canada](http://globalnews.ca/news/1762471/why-have-there-been-so-many-earthquakes-off-the-coast-of-b-c/?ref=riskmarketnews.com)

Over the past month there have been 169 earthquakes of magnitude 2.5 or above off the coast of British Columbia. Is this a sign of the “big one?”

### [Extreme Weather Displaces Far More People Than War — And It’s Getting Worse](https://news.vice.com/article/extreme-weather-displaces-far-more-people-than-war-and-its-getting-worse?ref=riskmarketnews.com)

#### [Vice News](https://news.vice.com/article/extreme-weather-displaces-far-more-people-than-war-and-its-getting-worse?ref=riskmarketnews.com)

The displaced won’t be fleeing the horrors of the battlefield, they said, but environmental disasters, made more frequent and severe by climate change.

## Risk Business: What You Need to Read Today

### [McGavick Says Hedge Funds Move Past Pat-On-Head Approach](http://www.bloomberg.com/news/2015-01-09/mcgavick-says-hedge-funds-moving-beyond-pat-you-on-head-approach.html?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/2015-01-09/mcgavick-says-hedge-funds-moving-beyond-pat-you-on-head-approach.html?ref=riskmarketnews.com)

nvestors such as hedge funds and pensions are becoming more sophisticated as they partner with insurers, XL Group Plc Chief Executive Officer Mike McGavick said.

### [Insurers Push For Coverage Limits In Amtrak’s $1B Sandy Suit](http://www.law360.com/articles/609974/insurers-push-for-coverage-limits-in-amtrak-s-1b-sandy-suit?ref=riskmarketnews.com)

#### [Law 360 (sub required)](http://www.law360.com/articles/609974/insurers-push-for-coverage-limits-in-amtrak-s-1b-sandy-suit?ref=riskmarketnews.com)

A slew of insurers asked a New York federal court overseeing Amtrak’s coverage suit to find that a storm surge constituted flooding subject to sublimits in the relevant policies.

### [Citizens Property Insurance Sees Upside to Little-Used Clearinghouse](http://www.tampabay.com/news/business/banking/citizens-property-insurance-sees-upside-to-disappointing-clearinghouse/2213065?ref=riskmarketnews.com)

#### [Tampa Bay Times](http://www.tampabay.com/news/business/banking/citizens-property-insurance-sees-upside-to-disappointing-clearinghouse/2213065?ref=riskmarketnews.com)

To say the clearinghouse has underperformed expectations is an understatement.

### [Insurance Premiums Set to Fall Amid Wave of Funding](http://www.theaustralian.com.au/business/financial-services/insurance-premiums-set-to-fall-amid-wave-of-funding/story-fn91wd6x-1227180114511?ref=riskmarketnews.com)

#### [The Australian](http://www.theaustralian.com.au/business/financial-services/insurance-premiums-set-to-fall-amid-wave-of-funding/story-fn91wd6x-1227180114511?ref=riskmarketnews.com)

Despite its cheap energy and other advantages, America is still losing ground to emerging markets in the battle for foreign investment.