Risk Science: What You Need to Read Today
Scientists Caught Off-Guard by Record Temperatures Linked to Climate Change
Reuters
“What concerns me most is that we didn’t anticipate these temperature jumps.”
California Declares State of Emergency Over Los Angeles Wildfire
UPI
The Soberanes fire in Northern California is only 10 percent contained, with 1,650 structures threatened, 20 homes destroyed and 300 people evacuated.
The Case of the Vanishing Pandemic
Ars Techinca
Deadly bird flu flies the coop in the US and scientists puzzled by the disappearance, but think lack of vaccination may be key.
Rising Seas Threaten to Swamp U.S. Military Bases by 2050
USA Today
The onslaught of water will come from both tidal flooding and hurricane storm surge.
Risk Business: What You Need to Read Today
Cash Wave Pointed Toward Junk Bonds
Bloomberg
Life insurers — and perhaps other types of insurers down the line — will soon direct a greater proportion of their money to high-yield bonds than they have in the past.
Chinese Buyers on Acquisition Spree Eye Insurance Firms
WSJ (sub may be required)
Foresee Life is in advanced discussion to acquire Asia Capital Reinsurance.
Why Would a Pirate Ship Want Insurance?
Slate
The bizarre case of the self-sunk illegal Thunder and recent research show that insurers still cover illegal fishers, to the illegal fishers’ benefit.
QBE, Suncorp, IAG Pressed by Low Bond Yields
Australian Financial Review
Dwindling bond yields are challenging some of Australia’s most conservative institutional investors – the nation’s general insurers.
