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# July 12, 2016: Asia Megathrust Risk Discovered, Bermuda Proposes Insurance Regs and a UK Flood Warning
- URL: https://www.riskmarketnews.com/july-12-2016-asia-megathrust-risk-discovered-bermuda-proposes-insurance-regs-uk-flood-warning/
- Published: 2016-07-12T09:02:56.000Z
- Updated: 2016-07-12T09:02:56.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [New, Massive Earthquake Threat Could Lurk Under South Asia](http://news.nationalgeographic.com/2016/07/earthquakes-mega-thrust-dhaka-bangladesh-geology-science/?ref=riskmarketnews.com)

#### [National Geographic](http://news.nationalgeographic.com/2016/07/earthquakes-mega-thrust-dhaka-bangladesh-geology-science/?ref=riskmarketnews.com)

A megathrust fault could be lurking underneath Myanmar, Bangladesh, and India, exposing millions to the risk of a magnitude 9.0 earthquake.

### [China’s Worst Flooding Since 1998 Kills 173, Takes Economic Toll](http://www.bloomberg.com/news/articles/2016-07-11/china-s-worst-flooding-since-1998-kills-173-takes-economic-toll?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-07-11/china-s-worst-flooding-since-1998-kills-173-takes-economic-toll?ref=riskmarketnews.com)

The Ministry of Civil Affairs said flooding and rain associated with the typhoon affected more than 31 million people in 12 provinces.

### [UK Poorly Prepared for Climate Change Impacts, Government Advisers Warn](https://www.theguardian.com/environment/2016/jul/12/uk-poorly-prepared-for-climate-change-impacts-government-advisers-warn?ref=riskmarketnews.com)

#### [Guardian](https://www.theguardian.com/environment/2016/jul/12/uk-poorly-prepared-for-climate-change-impacts-government-advisers-warn?ref=riskmarketnews.com)

A 2,000 page report by Committee on Climate Change predicts global warming will hit UK with deadly heatwaves, more flooding and water shortages.

### [The Extreme-Weather Defense Nobody Wants](http://www.bloomberg.com/view/articles/2016-07-11/the-extreme-weather-defense-nobody-wants?ref=riskmarketnews.com)

#### [Bloomberg View](http://www.bloomberg.com/view/articles/2016-07-11/the-extreme-weather-defense-nobody-wants?ref=riskmarketnews.com)

The people who pay the long-term costs of a home generally aren’t the ones who decide what it gets built from.

## Risk Business: What You Need to Read Today

### [Natural Disasters Cause Fewer Deaths, More Financial Damage – Munich Re](http://www.reuters.com/article/munich-regroup-catastrophes-idUSL8N19Y1PG?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/munich-regroup-catastrophes-idUSL8N19Y1PG?ref=riskmarketnews.com)

Insurance covered $27 billion of the half year’s losses compared with a long-term average of $15 billion.

### [Changes Keep Us at ‘Forefront’ of Insurance](http://www.royalgazette.com/news/article/20160712/changes-keep-us-at-forefront-of-insurance?ref=riskmarketnews.com)

#### [Royal Gazette (Bermuda)](http://www.royalgazette.com/news/article/20160712/changes-keep-us-at-forefront-of-insurance?ref=riskmarketnews.com)

Bermuda proposed new supervisory oversight of registered insurance managers as well as new requirements aimed at anti-money laundering and anti-terrorist financing.

### [Guernsey Shares Its ‘ILS Insight’ with Zurich Audience](http://www.guernseyfinance.com/press-room/news/2016/07/guernsey-shares-its-ils-insight-with-zurich-audience/?ref=riskmarketnews.com)

#### [Guernsey Finance](http://www.guernseyfinance.com/press-room/news/2016/07/guernsey-shares-its-ils-insight-with-zurich-audience/?ref=riskmarketnews.com)

Guernsey licensed 66 new international insurers during 2015, with nearly 40% of the licenced structures relating to ILS.

### [Jobs Hope as Several UK Insurance Firms Keen to Relocate Here](http://www.independent.ie/business/brexit/jobs-hope-as-several-uk-insurance-firms-keen-to-relocate-here-34872293.html?ref=riskmarketnews.com)

#### [Irish Times](http://www.independent.ie/business/brexit/jobs-hope-as-several-uk-insurance-firms-keen-to-relocate-here-34872293.html?ref=riskmarketnews.com)

The Irish Central Bank has received a number of inquiries from leading UK-based insurance companies following the Brexit vote