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# June 16, 2016: IBM's Weather Model Play, Berger Throws Paulson Reinsurer Under the Bus and Swiss Re Estimates Canadian Flood Risk
- URL: https://www.riskmarketnews.com/june-16-2016-ibms-weather-model-play-berger-throws-paulson-reinsurer-bus-swiss-re-estimates-canadian-flood-risk/
- Published: 2016-06-16T08:55:13.000Z
- Updated: 2016-06-16T08:55:13.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [The Weather Company Absorbs ‘Deep Thunder’ to Bolster Modeling](http://www.datanami.com/2016/06/15/weather-company-absorbs-deep-thunder-bolster-modeling/?ref=riskmarketnews.com)

#### [Datanami](http://www.datanami.com/2016/06/15/weather-company-absorbs-deep-thunder-bolster-modeling/?ref=riskmarketnews.com)

IBM is combining two of its weather forecasting resources to create a single combined forecasting model that executives say will be more accurate than what came before.

### [Colombia Zika study: No Birth Defects in Late Pregnancy Infections](http://www.cidrap.umn.edu/news-perspective/2016/06/colombia-zika-study-no-birth-defects-late-pregnancy-infections?ref=riskmarketnews.com)

#### [CIDRAP](http://www.cidrap.umn.edu/news-perspective/2016/06/colombia-zika-study-no-birth-defects-late-pregnancy-infections?ref=riskmarketnews.com)

Maternal infections with Zika virus during the third trimester don’t appear to be linked to structural abnormalities in babies.

### [Six-Story Building Put to Earthquake Test](http://abcnews.go.com/Technology/wireStory/story-building-put-earthquake-test-39890806?ref=riskmarketnews.com)

#### [AP](http://abcnews.go.com/Technology/wireStory/story-building-put-earthquake-test-39890806?ref=riskmarketnews.com)

Researchers at the University of California, San Diego rocked and rattled a six-story steel frame building on a giant shake table Wednesday to see how the structure would withstand major earthquakes.

### [Why Homicides Rose in 2015](http://www.citylab.com/crime/2016/06/why-homicides-rose-in-2015/487259/?ref=riskmarketnews.com)

#### [CityLab](http://www.citylab.com/crime/2016/06/why-homicides-rose-in-2015/487259/?ref=riskmarketnews.com)

A new report from the National Institute of Justice explores why homicides rose so sharply in 2015 across 56 U.S. cities.

## Risk Business: What You Need to Read Today

### [Icahn, Paulson Add Transparency, AIG President Says](http://www.reuters.com/article/us-aig-president-idUSKCN0Z12DN?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-aig-president-idUSKCN0Z12DN?ref=riskmarketnews.com)

AIG said in January it planned to cut $1.6 billion of costs and return at least $25 billion to shareholders over the next two years.

### [Loeb Reinsurer Says Paulson Exit Eased Tax Scrutiny on Industry](http://www.bloomberg.com/news/articles/2016-06-15/loeb-reinsurer-says-paulson-exit-eased-tax-scrutiny-on-industry?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-06-15/loeb-reinsurer-says-paulson-exit-eased-tax-scrutiny-on-industry?ref=riskmarketnews.com)

The Paulson reinsurance operation “had no employees, they wrote very little business and they had a big amount of capital sitting offshore.”

### [Major Flood Events Could Cost Canada $13 Billion: Analysis](http://www.calgarysun.com/2016/06/15/major-flood-events-could-cost-canada-13-billion-analysis?ref=riskmarketnews.com)

#### [Calgary Sun](http://www.calgarysun.com/2016/06/15/major-flood-events-could-cost-canada-13-billion-analysis?ref=riskmarketnews.com)

Swiss Re forecasts that a likely one-in-200-year loss scenario would feature extensive flooding covering multiple western Canadian provinces.

### [Insured Storm Losses Triple: ICA](http://www.theaustralian.com.au/business/financial-services/insured-storm-losses-triple-ica/news-story/8086245ad05c7e702c1087356e3da0a9?ref=riskmarketnews.com)

#### [The Australian](http://www.theaustralian.com.au/business/financial-services/insured-storm-losses-triple-ica/news-story/8086245ad05c7e702c1087356e3da0a9?ref=riskmarketnews.com)

The full impact of the storms that battered the east coast almost two weeks ago is becoming apparent for insurers.