July 8, 2016: Alberta's New Catastrophe Record, Nepartak Targets China and U.S. Talks Up Flood Cover
Risk Science: What You Need to Read Today
June Was Warmest Since 1895 in U.S. Topping Record Set in 1933
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
New York Times
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
FT (sub may be required)
Crisis raises questions over country’s practice of draining ‘wasteland’.
Singapore Expedition To Study 2012 Great Earthquake
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
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
WSJ (sub may be required)
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
“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
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.
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