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# January 25, 2016: New Billion Dollar Losses from Fire and Ice, Debt Swapping Climate Change
- URL: https://www.riskmarketnews.com/january-25-2016-new-billion-dollar-losses-from-fire-and-ice-debt-swapping-climate-change/
- Published: 2016-01-25T07:57:41.000Z
- Updated: 2016-01-25T07:57:41.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Researcher: Number of Blizzards Doubled in Past 20 Years](http://www.usatoday.com/story/weather/2016/01/24/researcher-number-blizzards-doubled-past-20-years/79242080/?ref=riskmarketnews.com)

#### [USA Today](http://www.usatoday.com/story/weather/2016/01/24/researcher-number-blizzards-doubled-past-20-years/79242080/?ref=riskmarketnews.com)

Snowstorms like the historic blizzard that lashed the East Coast this weekend may be more numerous than they used to be.

### [Mid-Atlantic Coastline Flooded by Blizzard’s Storm Surge. ‘This is worse than Sandy.’](https://www.washingtonpost.com/news/capital-weather-gang/wp/2016/01/24/mid-atlantic-coastline-flooded-by-blizzards-storm-surge-this-is-worse-than-sandy/?ref=riskmarketnews.com)

#### [Washington Post](https://www.washingtonpost.com/news/capital-weather-gang/wp/2016/01/24/mid-atlantic-coastline-flooded-by-blizzards-storm-surge-this-is-worse-than-sandy/?ref=riskmarketnews.com)

Enormous swaths of the shoreline were washed out to sea, leaving cliffs of sand in their absence.

### [The Most Ominous Snow Forecasts For New York City Were Right](http://fivethirtyeight.com/features/the-most-ominous-snow-forecasts-for-new-york-city-were-right/?ref=riskmarketnews.com)

#### [Five Thirty Eight](http://fivethirtyeight.com/features/the-most-ominous-snow-forecasts-for-new-york-city-were-right/?ref=riskmarketnews.com)

It’s the perfect example of why forecasts that vary based on probability are so important, and why outlier predictions should not be dismissed.

### [Deadly Cold Snap Sweeps Across Asia](http://www.dw.com/en/deadly-cold-snap-sweeps-across-asia/a-19001957?ref=riskmarketnews.com)

#### [Deutsche Welle ](http://www.dw.com/en/deadly-cold-snap-sweeps-across-asia/a-19001957?ref=riskmarketnews.com)

UN predicts extreme weather from climate change is grossly underestimated.

## Risk Business: What You Need to Read Today

### [Debt Swap Gives Seychelles the Cash to Fight Climate Change](http://www.institutionalinvestor.com/article/3523286/asset-management-macro/debt-swap-gives-seychelles-the-cash-to-fight-climate-change.html?ref=riskmarketnews.com#/.VqYHczZ2n%5Fs)

#### [Institutional Investor](http://www.institutionalinvestor.com/article/3523286/asset-management-macro/debt-swap-gives-seychelles-the-cash-to-fight-climate-change.html?ref=riskmarketnews.com#/.VqYHczZ2n%5Fs)

The deal could act as a model for other developing nations, but will investors step up?

### [AIG Eyes Ringfence Amid Break-Up Call](http://www.ft.com/intl/cms/s/0/1398f904-c22f-11e5-b3b1-7b2481276e45.html?ref=riskmarketnews.com#axzz3yFnbsoni)

#### [Financial Times (sub may be required)](http://www.ft.com/intl/cms/s/0/1398f904-c22f-11e5-b3b1-7b2481276e45.html?ref=riskmarketnews.com#axzz3yFnbsoni)

Peter Hancock is expected to seek to sideline activist campaigners this week by showing AIG has a bright future without separating its life and general insurance arms.

### [$1 Billion Insured Losses in California Fires](http://abcnews.go.com/US/wireStory/ap-newsbreak-billion-insured-losses-california-fires-36496780?ref=riskmarketnews.com)

#### [AP](http://abcnews.go.com/US/wireStory/ap-newsbreak-billion-insured-losses-california-fires-36496780?ref=riskmarketnews.com)

The preliminary figure includes $700 million from a fire centered largely in Lake County that killed four and destroyed nearly 2,000 structures

### [U.S. Blizzard to Cause Multi-Billion Dollar Losses – Report](http://www.reuters.com/article/storm-jonas-costs-idUSL8N15924X?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/storm-jonas-costs-idUSL8N15924X?ref=riskmarketnews.com)

The storm would likely be rated as one of the top 15 winter storms in the Northeast and Mid-Atlantic since 1900.

### [Costly Insurance Policies Still Needed for the Convention](http://www.crainscleveland.com/article/20160123/NEWS/160129929/costly-insurance-policies-still-needed-for-the-convention?ref=riskmarketnews.com)

#### [Crain’s Cleveland Business](http://www.crainscleveland.com/article/20160123/NEWS/160129929/costly-insurance-policies-still-needed-for-the-convention?ref=riskmarketnews.com)

As the GOP heads for year’s convention, planners will continue work behind the scenes to secure policies that protect people and places from unforeseen catastrophe.