January 4, 2016: Indian Quake, World Flooding and Catastrophe Costs Hit Record Lows
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January 4, 2016: Indian Quake, World Flooding and Catastrophe Costs Hit Record Lows

Risk Science: What You Need to Read Today

Seven Killed, Over 90 Injured as Quake Rocks Northeast India

The Hindu

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

Computerworld

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

Southern Illinois Battles Flooding as Mississippi River Builds Downstream

Reuters

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

Financial Times (sub may be required)

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

Reuters

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

Sydney Morning Herald

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%

Bloomberg

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

Cost of British Storms to Put Pressure on Insurance Dividends, Analysts Say

The Telegraph

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

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