Risk Science: What You Need to Read Today
Severe La Nina Weather Events in Pacific May Double Due to Warming
Reuters
Extreme “La Nina” weather events that cool the Pacific Ocean and can disrupt weather worldwide will paradoxically happen almost twice as often in a warming world.
Oregon Overdue for Earthquake 315 Years After 9.0 Event
KGW Portland
On the 315th anniversary of the last major earthquake to hit the Pacific Northwest, residents are being reminded that the area is historically due for another massive quake that could cause widespread devastation.
Cities Awake to Travel Bans as Snowfall Records Stand Untouched
The Guardian
With the north-east waking up to a little snow south of Connecticut and a lot of it to the north, a quick summary of the first major snowstorm of 2015.
What a Warming World Means for Major Snowstorms
Quartz
The warmer atmosphere holds more moisture, which can mean more snow as long as temperatures remain cold enough
Risk Business: What You Need to Read Today
CIRC to Promote Catastrophe Insurance Policies and Build Fund
CRI English
China’s insurance regulator has outlined its priorities for the new year, saying it plans to set up a national catastrophe insurance fund.
Deals Abound for Reinsurers, Since ‘Pricing Stinks’
WSJ
In the absence of a severe hurricane striking the U.S. last year, property-and-casualty insurers have instead been keeping themselves busy with a steady stream of mergers and acquisitions.
Logic for Suncorp to buy NIB: Morgan Stanley
The Australian Business Review
Suncorp Group could improve its growth outlook, reduce capital intensity and potentially expand its valuation through the acquisition of health insurer NIB.
MetLife SIFI Complaint Raises Alarm for Large Asset Managers
Institutional Investor
The U.S. government’s decision to label the insurance giant too big to fail could cost it and other non-bank financial institutions.
