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# July 8, 2016: Alberta's New Catastrophe Record, Nepartak Targets China and U.S. Talks Up Flood Cover
- URL: https://www.riskmarketnews.com/july-8-2016-albertas-new-catastrophe-record-nepartak-targets-china-u-s-talks-flood-cover/
- Published: 2016-07-08T08:19:08.000Z
- Updated: 2016-07-08T08:19:08.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [June Was Warmest Since 1895 in U.S. Topping Record Set in 1933](http://www.bloomberg.com/news/articles/2016-07-07/june-was-warmest-since-1895-in-u-s-topping-record-set-in-1933?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-07-07/june-was-warmest-since-1895-in-u-s-topping-record-set-in-1933?ref=riskmarketnews.com)

It surpasses the 1933 record and capping a six-month period which saw eight weather-related disasters that each caused $1 billion in damage or more.

### [Typhoon Nepartak Heads for China After Killing 2 in Taiwan](http://www.nytimes.com/2016/07/09/world/asia/taiwan-typhoon-nepartak.html?%5Fr=0&ref=riskmarketnews.com)

#### [New York Times](http://www.nytimes.com/2016/07/09/world/asia/taiwan-typhoon-nepartak.html?%5Fr=0&ref=riskmarketnews.com)

A powerful typhoon killed at least two people and injured 72 others on Friday as it crossed Taiwan on its way toward the Chinese mainland.

### [China Floods Highlight Development Deficiencies](https://next.ft.com/content/05b9dd78-44e1-11e6-9b66-0712b3873ae1?ref=riskmarketnews.com)

#### [FT (sub may be required)](https://next.ft.com/content/05b9dd78-44e1-11e6-9b66-0712b3873ae1?ref=riskmarketnews.com)

Crisis raises questions over country’s practice of draining ‘wasteland’.

### [Singapore Expedition To Study 2012 Great Earthquake](http://www.asianscientist.com/2016/07/in-the-lab/ntu-singapore-2012-great-earthquake-wharton-basin-indian-ocean/?ref=riskmarketnews.com)

#### [Asian Scientist ](http://www.asianscientist.com/2016/07/in-the-lab/ntu-singapore-2012-great-earthquake-wharton-basin-indian-ocean/?ref=riskmarketnews.com)

The month-long voyage seeks to investigate the cause of the largest intraplate earthquake ever recorded in an ocean.

## Risk Business: What You Need to Read Today

### [Alberta Wildfires Canada’s Costliest-Ever Natural Disaster – Report](http://www.reuters.com/article/us-canada-wildfire-costs-idUSKCN0ZN1U2?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-canada-wildfire-costs-idUSKCN0ZN1U2?ref=riskmarketnews.com)

The losses far exceed those from the Alberta floods of 2013, which cost about C$1.7 billion in claims.

### [Brexit Weighs on U.S. Life Insurers](http://blogs.wsj.com/cfo/2016/07/07/brexit-weighs-on-u-s-life-insurers/?ref=riskmarketnews.com)

#### [WSJ (sub may be required)](http://blogs.wsj.com/cfo/2016/07/07/brexit-weighs-on-u-s-life-insurers/?ref=riskmarketnews.com)

The U.K.’s decision to leave the European Union spells extra trouble for U.S. life insurers.

### [Come On In, the Water’s Fine, Congress Tells Flood Insurers](http://www.bna.com/waters-fine-congress-n57982076703/?ref=riskmarketnews.com)

#### [Bloomberg BNA](http://www.bna.com/waters-fine-congress-n57982076703/?ref=riskmarketnews.com)

“The interest among the primary insurers is very, very mixed.”

### [US Bond Yields Have Never Been this Low—and We Looked at Data Going Back to 1786](http://qz.com/725992/us-bond-yields-have-never-been-this-low-and-we-looked-at-data-going-back-to-1786/?ref=riskmarketnews.com)

#### [Quartz](http://qz.com/725992/us-bond-yields-have-never-been-this-low-and-we-looked-at-data-going-back-to-1786/?ref=riskmarketnews.com)

If you’re an insurance company trying to buy long-term bonds that pay you enough of a return to match the claims customers will make on you decades in the future.