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# January 4, 2016: Indian Quake, World Flooding and Catastrophe Costs Hit Record Lows
- URL: https://www.riskmarketnews.com/january-4-2016-indian-quake-world-flooding-and-catastrophe-costs-hit-record-lows/
- Published: 2016-01-04T06:48:34.000Z
- Updated: 2016-01-04T06:48:34.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Seven Killed, Over 90 Injured as Quake Rocks Northeast India](http://www.thehindu.com/news/national/earthquake-rocks-north-east-india/article8063948.ece?ref=riskmarketnews.com)

#### [The Hindu](http://www.thehindu.com/news/national/earthquake-rocks-north-east-india/article8063948.ece?ref=riskmarketnews.com)

A strong 6.8 magnitude earthquake epicentred in Manipur hit the northeastern region, causing damage to buildings and triggering panic.

### [Internet of Things brings New Era of Weather Forecasting](http://www.computerworld.com/article/3018390/internet-of-things/internet-of-things-brings-new-era-of-weather-forecasting.html?ref=riskmarketnews.com)

#### [Computerworld](http://www.computerworld.com/article/3018390/internet-of-things/internet-of-things-brings-new-era-of-weather-forecasting.html?ref=riskmarketnews.com)

Sensor technology may help you stay out of harm’s way.

### [Southern Illinois Battles Flooding as Mississippi River Builds Downstream](http://www.reuters.com/article/us-usa-weather-idUSKBN0UH0ND20160104?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-usa-weather-idUSKBN0UH0ND20160104?ref=riskmarketnews.com)

Days of downpours totaling 10 inches or more in spots pushed the Mississippi and smaller rivers over their banks in several states. .

### [Political Row Over UK Flooding Intensifies](http://www.ft.com/intl/cms/s/0/3487072c-b213-11e5-8358-9a82b43f6b2f.html?ref=riskmarketnews.com#axzz3wCrm56or)

#### [Financial Times (sub may be required)](http://www.ft.com/intl/cms/s/0/3487072c-b213-11e5-8358-9a82b43f6b2f.html?ref=riskmarketnews.com#axzz3wCrm56or)

The sums allocated to flood-prone areas sparked a political row on Sunday amid accusations that promised extra funding was too little, too late.

## Risk Business: What You Need to Read Today

### [Insurance Cost of Natural Disasters Falls in 2015 – Munich Re](http://www.reuters.com/article/disaster-insurance-idUSL8N14N0FD20160104?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/disaster-insurance-idUSL8N14N0FD20160104?ref=riskmarketnews.com)

Insurance claims from natural disasters such as storms and earthquakes fell to $27 billion in 2015 as the overall cost of natural catastrophes dropped to its lowest level since 2009.

### [IAG Snaps Up $7 Billion in Reinsurance Cover](http://www.smh.com.au/business/banking-and-finance/iag-snaps-up-7-billion-in-reinsurance-cover-20160103-glypb7.html?ref=riskmarketnews.com)

#### [Sydney Morning Herald](http://www.smh.com.au/business/banking-and-finance/iag-snaps-up-7-billion-in-reinsurance-cover-20160103-glypb7.html?ref=riskmarketnews.com)

Insurance group IAG has secured $7 billion worth of reinsurance cover for 2016 as it braces for potentially devastating bushfire, hail and storms this Australian summer.

### [Einhorn’s Greenlight Fund Ends Second-Worst Year Down 20%](http://www.bloomberg.com/news/articles/2016-01-01/einhorn-s-greenlight-hedge-fund-ends-second-worst-year-down-20-?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-01-01/einhorn-s-greenlight-hedge-fund-ends-second-worst-year-down-20-?ref=riskmarketnews.com)

For David Einhorn, 2016 can’t start soon enough.

### [Cost of British Storms to Put Pressure on Insurance Dividends, Analysts Say](http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/insurance/12076474/Cost-of-British-storms-to-put-pressure-on-insurance-dividends-analysts-say.html?ref=riskmarketnews.com)

#### [The Telegraph](http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/insurance/12076474/Cost-of-British-storms-to-put-pressure-on-insurance-dividends-analysts-say.html?ref=riskmarketnews.com)

Flooding victims and their insurers start to count the cost of Storms Desmond, Eva and Frank.