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# January 20, 2015:  Japan Faces Post Tsunami Fire Threat, China Insurers Get Pricey
- URL: https://www.riskmarketnews.com/january-20-2015-japan-faces-post-tsunami-fire-threat-china-insurers-get-pricey/
- Published: 2015-01-20T06:36:31.000Z
- Updated: 2015-01-20T06:36:31.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Hundreds of Tsunami-Caused Fires Could Accompany Nankai Trough Quake: Expert](http://www.japantimes.co.jp/news/2015/01/19/national/hundreds-of-tsunami-caused-fires-could-accompany-nankai-trough-quake-expert/?ref=riskmarketnews.com#.VL45MMYb1Ig)

#### [Japan Times](http://www.japantimes.co.jp/news/2015/01/19/national/hundreds-of-tsunami-caused-fires-could-accompany-nankai-trough-quake-expert/?ref=riskmarketnews.com#.VL45MMYb1Ig)

The fires would be caused by flammable oils or gases leaking from damaged vehicles and storage tanks. and ould be difficult to extinguish and could be widespread.

### [New Zealand Farmers Have a New Beef: Drought Threat](http://www.wsj.com/articles/new-zealand-farmers-have-a-new-beef-drought-threat-1421737837?ref=riskmarketnews.com)

#### [WSJ (sub may be required) ](http://www.wsj.com/articles/new-zealand-farmers-have-a-new-beef-drought-threat-1421737837?ref=riskmarketnews.com)

The country has endured droughts before, including two summers ago when it experienced the worst in 70 years.

### [Next Round of ‘King Tides’ Hitting California Coast](http://www.denverpost.com/breakingnews/ci%5F27354448/next-round-king-tides-hitting-california-coast?ref=riskmarketnews.com)

#### [Denver Post](http://www.denverpost.com/breakingnews/ci%5F27354448/next-round-king-tides-hitting-california-coast?ref=riskmarketnews.com)

The tides are also expected to affect the Monterey Bay and parts of Southern California.

### [How a ‘Czar’ Fights a Disease](http://www.politico.com/magazine/story/2015/01/ron-klain-what-the-white-house-did-to-fight-ebola-114325.html?ref=riskmarketnews.com#.VL44rMYb1Ig)

#### [Politico](http://www.politico.com/magazine/story/2015/01/ron-klain-what-the-white-house-did-to-fight-ebola-114325.html?ref=riskmarketnews.com#.VL44rMYb1Ig)

Ron Klain on the White House response to Ebola.

## Risk Business: What You Need to Read Today

### [QBE to Sell off North American Assets in $US300m Deal](http://www.smh.com.au/business/banking-and-finance/qbe-to-sell-off-north-american-assets-in-us300m-deal-20150120-12txj7.html?ref=riskmarketnews.com)

#### [Sydney Morning Herald](http://www.smh.com.au/business/banking-and-finance/qbe-to-sell-off-north-american-assets-in-us300m-deal-20150120-12txj7.html?ref=riskmarketnews.com)

Under the agreement, QBE will get $US217 million upfront with the balance payable over five years.

### [Are China’s Insurers Getting Expensive?](http://blogs.barrons.com/asiastocks/2015/01/19/have-chinaa-insurers-getting-expensive/?ref=riskmarketnews.com)

#### [Barron’s](http://blogs.barrons.com/asiastocks/2015/01/19/have-chinaa-insurers-getting-expensive/?ref=riskmarketnews.com)

Beijing wants to become a “limited liability” government and is actively encouraging the insurance companies to get Chinese and the Chinese businesses covered.

### [I](http://www.themiddlemarket.com/news/financial%5Fservices/insurance-firms-find-bigger-may-be-better-254346-1.html?ref=riskmarketnews.com)[nsurance Firms Find Bigger May Be Better](http://www.themiddlemarket.com/news/financial%5Fservices/insurance-firms-find-bigger-may-be-better-254346-1.html?ref=riskmarketnews.com)

#### [Mergers & Acquisitions](http://www.themiddlemarket.com/news/financial%5Fservices/insurance-firms-find-bigger-may-be-better-254346-1.html?ref=riskmarketnews.com)

Riding the tide of consolidation in the financial services industry, middle-market insurance companies are merging.

### [Cyclone Hudhud Resulted in $7 billion Loss for Indian Economy: Munich Re ](http://economictimes.indiatimes.com/news/politics-and-nation/cyclone-hudhud-resulted-in-7-billion-loss-for-indian-economy-munich-re/articleshow/45947133.cms?ref=riskmarketnews.com)

#### [Economic Times](http://economictimes.indiatimes.com/news/politics-and-nation/cyclone-hudhud-resulted-in-7-billion-loss-for-indian-economy-munich-re/articleshow/45947133.cms?ref=riskmarketnews.com)

Of the overall losses of approxi approximately $7 billion, roughly $530 million was insured.