Risk Science: What You Need to Read Today
Invasion of the Hedge Fund Almonds
Mother Jones
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?
NBC
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.?
Global News Canada
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
Vice News
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
Bloomberg
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
Law 360 (sub required)
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
Tampa Bay Times
To say the clearinghouse has underperformed expectations is an understatement.
Insurance Premiums Set to Fall Amid Wave of Funding
The Australian
Despite its cheap energy and other advantages, America is still losing ground to emerging markets in the battle for foreign investment.
