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# June 29, 2016: Weather Models Need Better Algos, Loeb Gives Himself a Break and Solvencyexit  
- URL: https://www.riskmarketnews.com/june-29-2016-weather-models-need-better-algos-loeb-gives-break-solvencyexit/
- Published: 2016-06-29T07:43:49.000Z
- Updated: 2016-06-29T07:43:49.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Novel Architectures on the Far Horizon for Weather Prediction](http://www.nextplatform.com/2016/06/28/novel-architectures-far-horizon-weather-prediction/?ref=riskmarketnews.com)

#### [The Next Platform](http://www.nextplatform.com/2016/06/28/novel-architectures-far-horizon-weather-prediction/?ref=riskmarketnews.com)

For weather modeling centers there is a great deal of leg work on the code front in particular to scale to the potential of computing power.

### [European and Asian Scientists Take to the Sea to Fathom the ‘2012 Great Earthquake’](http://www.eurekalert.org/pub%5Freleases/2016-06/ntu-eaa062816.php?ref=riskmarketnews.com)

#### [AAAS](http://www.eurekalert.org/pub%5Freleases/2016-06/ntu-eaa062816.php?ref=riskmarketnews.com)

Singaporean, French and Indonesian scientists will be heading into the Indian Ocean in July to investigate the cause of the largest intraplate earthquake ever recorded in an ocean.

### [Disease Detection Platform Maps Zika Fast — with Surprising Accuracy](https://gcn.com/articles/2016/06/28/healthmap.aspx?ref=riskmarketnews.com)

#### [GCN](https://gcn.com/articles/2016/06/28/healthmap.aspx?ref=riskmarketnews.com)

Epidemico automatically aggregates more than 200,000 data sources and uses algorithms to tag, filter, analyze, validate and map real-time surveillance of emerging public health threats.

### [UN Agencies to Meet on El Niño’s ‘Devastating Impact’ in Central America’s Dry Corridor](http://www.un.org/apps/news/story.asp?NewsID=54342&ref=riskmarketnews.com#.V3Od%5FVd2n34)

#### [UN News](http://www.un.org/apps/news/story.asp?NewsID=54342&ref=riskmarketnews.com#.V3Od%5FVd2n34)

The El Niño climate event is devastating Central America’s so-called Dry Corridor, where one of the worst droughts in decades has left 3.5 million people food insecure.

## Risk Business: What You Need to Read Today

### [Loeb Hedge Fund Lowers Fees for Slumping Third Point Reinsurer](http://www.bloomberg.com/news/articles/2016-06-28/loeb-hedge-fund-lowers-fees-for-slumping-third-point-reinsurer?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-06-28/loeb-hedge-fund-lowers-fees-for-slumping-third-point-reinsurer?ref=riskmarketnews.com)

The arrangement has been profitable for the money manager even as investors in the reinsurer’s stock have suffered.

### [Insurer Adds Terrorism to Musicians’ Coverage](http://www.wsj.com/articles/insurer-adds-terrorism-to-musicians-coverage-1467155365?ref=riskmarketnews.com)

#### [WSJ (sub may be required)](http://www.wsj.com/articles/insurer-adds-terrorism-to-musicians-coverage-1467155365?ref=riskmarketnews.com)

ProSight to start covering cost of rescheduling shows if they are interrupted or canceled due to terrorism.

### [Brexit Will Allow Insurers to Escape ‘Absolutely Dreadful’ EU Regulation, Claims Former Civil Service Chief](http://www.telegraph.co.uk/business/2016/06/28/brexit-will-allow-insurers-to-escape-absolutely-dreadful-eu-regu/?ref=riskmarketnews.com)

#### [The Telegraph](http://www.telegraph.co.uk/business/2016/06/28/brexit-will-allow-insurers-to-escape-absolutely-dreadful-eu-regu/?ref=riskmarketnews.com)

Lord Turnbull, described the regulatory framework, known as Solvency II, as “absolutely dreadful”.

### [New Reinsurer Alesia Re Domiciles in Cayman](https://www.caymancompass.com/2016/06/28/new-reinsurer-alesia-re-domiciles-in-cayman/?ref=riskmarketnews.com)

#### [Cayman Compass](https://www.caymancompass.com/2016/06/28/new-reinsurer-alesia-re-domiciles-in-cayman/?ref=riskmarketnews.com)

The segregated portfolio company will focus on reinsuring large blocks of pension risk transfer group annuity contracts and other low convexity and long-duration annuity business.