Risk Science: What You Need to Read Today
China Sets Aside $30 Million for Weather Modification Program
Reuters
China currently uses weather modification technology to induce rain during droughts, to reduce hail, and to clear the skies ahead of prestigious international events.
In Australia, Flooding Is Already on the Rise
Hakai
A new analysis shows flooding in southeastern Australia has nearly doubled since 1860.
Could a Volcano Be Waking Up on the Outskirts of Rome?
Wired
Colli Albani (also known as the Alban Hills) may be ready to awaken.
Small Groups of Satellites Are More Accurate Because of Teamwork: Study
Gizmodo
A cluster of three to eight small, “shoebox-sized satellites” are more accurate than a traditional, large satellite.
Risk Business: What You Need to Read Today
Farmers Insurance CIO Departs for Two Sigma
Chief Investment Officer
Karyn Williams has left the insurer for a hedge fund after just under a year at the helm.
LMG Launches Discussion on ILS Solution for Catastrophes in Under Insured Markets
London Market Group
The industry-backed consortium has proposed the creation of a Foreign Aid catastrophe Bond (FAB).
Allianz Sees Cyber Premiums as Fire Insurance of 21st Century
Reuters
The growing threat of hacking and a duty to protect data more stringently will accelerate demand for cyber insurance in Europe.
XL Says Catastrophes Cost $240 Million, Led by Canada Fires
Bloomberg
Flooding in Europe and earthquakes in Japan and Ecuador also contributed to the losses.
