July 12, 2016: Asia Megathrust Risk Discovered, Bermuda Proposes Insurance Regs and a UK Flood Warning
Risk Science: What You Need to Read Today
New, Massive Earthquake Threat Could Lurk Under South Asia
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
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
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
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
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
Royal Gazette (Bermuda)
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
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
The Irish Central Bank has received a number of inquiries from leading UK-based insurance companies following the Brexit vote
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