January 25, 2016: New Billion Dollar Losses from Fire and Ice, Debt Swapping Climate Change
1 min read

January 25, 2016: New Billion Dollar Losses from Fire and Ice, Debt Swapping Climate Change

Risk Science: What You Need to Read Today

Researcher: Number of Blizzards Doubled in Past 20 Years

USA Today

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.’

Washington Post

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

Five Thirty Eight

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

Deutsche Welle 

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

Institutional Investor

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

AIG Eyes Ringfence Amid Break-Up Call

Financial Times (sub may be required)

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

AP

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

Reuters

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

Crain’s Cleveland Business

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.

Enjoying these posts? Subscribe for more

Subscribe now
Already have an account? Sign in
You've successfully subscribed to Risk Market News.
Success! Your account is fully activated, you now have access to all content.
Success! Your billing info is updated.