January 6, 2016: CCRIF Under Scrutiny, Flooding UK Insurance Balance Sheets and Big Quake Prediction
1 min read

January 6, 2016: CCRIF Under Scrutiny, Flooding UK Insurance Balance Sheets and Big Quake Prediction

Risk Science: What You Need to Read Today

Big Earthquake Coming, Warn MHA Experts

Times of India

The Union home ministry’s disaster management experts have warned of a magnitude of 8.2 or greater on the Richter scale which may hit the already ruptured Himalayan region.

El Niño Flooding Made Worse by Garbage, Debris Dumping

LA Times

Heavy rain, of course, is a major factor. But trash is another. Garbage and debris clog storm drains.

Wettest and Warmest December ‘Won’t Become Norm for Decades’

BBC

A wet, but mild, December was a record-breaking month, the UK Met Office’s final figures show – so why was it so extreme and can we expect more of the same?

Oregon’s Longer Wildfire Seasons Create Funding Problem

Statesman Journal

Oregon is facing a “new normal” when it comes to forest fires, so a special task force has begun working on a plan for sustainable funding for firefighting.

Risk Business: What You Need to Read Today

U.K. Floods: Testing Insurers’ Defenses

WSJ (sub may be required)

Insurer with biggest market share will see smaller hit to earnings than U.K. rivals.

Arscott Wants Disaster Insurance Renegotiated

Jamaica Gleaner

Minister of Local Government and Community Development Noel Arscott has expressed dissatisfaction with the Caribbean Catastrophe Risk Insurance Facility .

Florida Chief Insurance Regulator Kevin McCarty Resigns

Miami Herald

McCarty held the top regulatory job for more than a decade, including hurricane-intensive years of 2004-06

Florida Chief Insurance Regulator Kevin McCarty Resigns

Miami Herald

McCarty held the top regulatory job for more than a decade, including hurricane-intensive years of 2004-06

Ambac, FGIC Covering Puerto Rico Bond Payments After Default

Bloomberg

Insurance companies that guarantee a Puerto Rico agency’s bonds are covering some payments that the island’s government defaulted on this month.

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