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# July 13, 2016: Pension Fund Jumps Into Cat Bonds, Hurricane Drought Record and Insurers Stress Over Stress Test
- URL: https://www.riskmarketnews.com/july-13-2016/
- Published: 2016-07-13T07:12:33.000Z
- Updated: 2016-07-13T07:14:11.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [U.S. Experiencing Record Hurricane Drought, Just 4 Strikes in 7 Years](http://www.usatoday.com/story/weather/2016/07/12/us-hurricane-drought/86990408/?ref=riskmarketnews.com)

#### [USA Today](http://www.usatoday.com/story/weather/2016/07/12/us-hurricane-drought/86990408/?ref=riskmarketnews.com)

That’s the fewest in any 7-year stretch since records began a few years before Abraham Lincoln was elected president.

### [Crop Losses From Typhoon Nepartak top NT$1 Billion](http://www.chinapost.com.tw/taiwan/national/national-news/2016/07/13/472120/Crop-losses.htm?ref=riskmarketnews.com)

#### [China Daily](http://www.chinapost.com.tw/taiwan/national/national-news/2016/07/13/472120/Crop-losses.htm?ref=riskmarketnews.com)

Lawmakers and their allies who want to rein in big banks are ready to pounce if it isn’t strict enough.

### [Insurers, Banks and Pensions Face Climate Change Risk: Institute](http://www.bloomberg.com/news/articles/2016-07-12/insurers-banks-and-pensions-face-climate-change-risk-institute?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-07-12/insurers-banks-and-pensions-face-climate-change-risk-institute?ref=riskmarketnews.com)

Climate change poses “a real and potentially devastating risk” to investment portfolios.

### [Meteorologists Shouldn’t Just ‘Stick to the Weather,’ They Should Openly Discuss Climate Change](https://www.washingtonpost.com/news/capital-weather-gang/wp/2016/07/12/meteorologists-shouldnt-just-stick-to-the-weather-they-should-openly-discuss-climate-change/?ref=riskmarketnews.com)

#### [Washington Post](https://www.washingtonpost.com/news/capital-weather-gang/wp/2016/07/12/meteorologists-shouldnt-just-stick-to-the-weather-they-should-openly-discuss-climate-change/?ref=riskmarketnews.com)

Climate change is a scientific reality, and it’s one that is modifying the weather in important ways.

## Risk Business: What You Need to Read Today

### [Draghi Bazooka Elevating Stress Levels as Insurers Face Test](http://www.bloomberg.com/news/articles/2016-07-13/draghi-s-bazooka-elevating-stress-levels-as-insurers-face-test?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-07-13/draghi-s-bazooka-elevating-stress-levels-as-insurers-face-test?ref=riskmarketnews.com)

The timing of the regulator’s “stress test couldn’t be worse as the results will be rather negative.”

### [Chubb Sees Higher Catastrophe Losses Due to Storms, Wildfires](http://www.reuters.com/article/us-chubb-outlook-insurers-idUSKCN0ZS2T3?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-chubb-outlook-insurers-idUSKCN0ZS2T3?ref=riskmarketnews.com)

The insurer said on Tuesday it expects pre-tax losses to total $390 million in the second quarte

### [ABN Amro Scheme Targets Emerging Market Debt, Catastrophe Bonds](http://www.ipe.com/countries/netherlands/abn-amro-scheme-targets-emerging-market-debt-catastrophe-bonds/10014255.fullarticle?ref=riskmarketnews.com)

#### [I&PE](http://www.ipe.com/countries/netherlands/abn-amro-scheme-targets-emerging-market-debt-catastrophe-bonds/10014255.fullarticle?ref=riskmarketnews.com)

ABN Amro’s €23.5bn pension fund in the Netherlands has started investing in catastrophe bonds.

### [Hail Damage Claims Piling Up for State Crop Insurance Program](http://billingsgazette.com/news/state-and-regional/montana/hail-damage-claims-piling-up-for-state-crop-insurance-program/article%5Fbc7f0346-8d4d-5550-9c3a-c45764827c46.html?ref=riskmarketnews.com)

#### [Billings Gazette](http://billingsgazette.com/news/state-and-regional/montana/hail-damage-claims-piling-up-for-state-crop-insurance-program/article%5Fbc7f0346-8d4d-5550-9c3a-c45764827c46.html?ref=riskmarketnews.com)

Hail damage claims for Montana crops are nearly double what they’ve been in recent years, according to the Montana Hail Program.