July 14, 2016: China Wants to Make More Weather, Cat Bonds as Foreign Aid and Rome's New Volcanic Threat
1 min read

July 14, 2016: China Wants to Make More Weather, Cat Bonds as Foreign Aid and Rome's New Volcanic Threat

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.

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