Risk Science: What You Need to Read Today
U.S. Experiencing Record Hurricane Drought, Just 4 Strikes in 7 Years
USA Today
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
China Daily
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
Bloomberg
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
Washington Post
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
Bloomberg
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
Reuters
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
I&PE
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
Billings Gazette
Hail damage claims for Montana crops are nearly double what they’ve been in recent years, according to the Montana Hail Program.
