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# July 6, 2016: China's Loosening Rules Pose Risks, Typhoon Targets Taiwan, Berlin Looks to Replace London
- URL: https://www.riskmarketnews.com/july-6-2016-chinas-loosening-rules-pose-risks-typhoon-targets-taiwan-berlin-looks-replace-london/
- Published: 2016-07-06T08:51:06.000Z
- Updated: 2016-07-06T08:51:06.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Super Typhoon Nepartak Takes Aim at Taiwan](http://www.cnn.com/2016/07/05/weather/super-typhoon-nepartak/?ref=riskmarketnews.com)

#### [CNN](http://www.cnn.com/2016/07/05/weather/super-typhoon-nepartak/?ref=riskmarketnews.com)

Taiwan is bracing for the region’s first super typhoon of 2016.

### [The ‘Holy Grail’ for Earthquake Scientists has Been Accidentally Destroyed](http://www.latimes.com/local/lanow/la-me-ln-earthquake-curb-destroyed-20160705-snap-htmlstory.html?ref=riskmarketnews.com)

#### [LA Times](http://www.latimes.com/local/lanow/la-me-ln-earthquake-curb-destroyed-20160705-snap-htmlstory.html?ref=riskmarketnews.com)

A humble curb wasn’t much to look at. But for earthquake scientists, it was a kind of Holy Grail.

### [Should the United States Save Tangier Island From Oblivion?](http://www.nytimes.com/2016/07/10/magazine/should-the-united-states-save-tangier-island-from-oblivion.html?ref=riskmarketnews.com)

#### [New York Times](http://www.nytimes.com/2016/07/10/magazine/should-the-united-states-save-tangier-island-from-oblivion.html?ref=riskmarketnews.com)

It’s the kind of choice that climate change will be forcing over and over.

### [Week-Long Floods in Central China Paralyse City of Wuhan’s Transport Network](http://www.scmp.com/news/china/society/article/1986124/week-long-floods-central-china-paralyse-city-wuhans-transport?ref=riskmarketnews.com)

#### [South China Morning Post](http://www.scmp.com/news/china/society/article/1986124/week-long-floods-central-china-paralyse-city-wuhans-transport?ref=riskmarketnews.com)

Persistent torrential rain, which is continuing to batter central eastern China, has paralysed the transportation network in the centre of Wuhan, Hubei’s capital city.

## Risk Business: What You Need to Read Today

### [Relaxed Investment Rules for Insurers Welcomed, But With Caution](http://www.scmp.com/business/companies/article/1986228/relaxed-investment-rules-insurers-welcomed-caution?ref=riskmarketnews.com)

#### [South China Morning Post](http://www.scmp.com/business/companies/article/1986228/relaxed-investment-rules-insurers-welcomed-caution?ref=riskmarketnews.com)

CIRC move likely to widen firms’ choices, but may also add risk.

### [Harrington Re Raises $600m](http://www.royalgazette.com/re-insurance/article/20160705/harrington-re-raises-600m?ref=riskmarketnews.com)

#### [Royal Gazette](http://www.royalgazette.com/re-insurance/article/20160705/harrington-re-raises-600m?ref=riskmarketnews.com)

Around $50 million in equity investment came from affiliates of the Blackstone Group.

### [Berlin Bids to Replace London as Post-Brexit Fintech Capital](https://next.ft.com/content/8958b02e-3f90-11e6-8716-a4a71e8140b0?ref=riskmarketnews.com)

#### [FT (sub may be required)](https://next.ft.com/content/8958b02e-3f90-11e6-8716-a4a71e8140b0?ref=riskmarketnews.com)

“Why would you want to stay in the UK when it’s so insecure?”

### [Don’t Block Obama’s Flood Rule](http://www.politico.com/agenda/story/2016/07/obama-administration-federal-flood-standards-000154?ref=riskmarketnews.com)

#### [Politico](http://www.politico.com/agenda/story/2016/07/obama-administration-federal-flood-standards-000154?ref=riskmarketnews.com)

Congress is inexplicably proposing to weaken Obama’s new rules around flood mitigation.