March 1, 2016: UK Offers ILS Rules, New York's Seal Level Spending and China Insurance Center Stage
1 min read

March 1, 2016: UK Offers ILS Rules, New York's Seal Level Spending and China Insurance Center Stage

Risk Science: What You Need to Read Today

New York Outspends Other Cities on Climate-Change Countermeasures

WSJ (sub may be required)

New York City spent about $2.2 billion last year on coastal protection, urban drainage and other projects.

Trial in Japan Will Delve Into ‘The Hidden Truths’ of the Fukushima Nuclear Meltdown

LA Times

The indictment blames the three former executives for injuries to more than 10 people from hydrogen explosions at the plant, as well as the deaths of 44 patients forced to evacuate from a nearby hospital.

Move Over Snow Day – Is This The Era Of ‘Tornado Days’ For School Systems?

Forbes

Are we in the era of the “Tornado Day” for school systems?

Preparing for the Inevitable Sea-Level Rise

The Atlantic

Scientists are struggling to figure out the timeline for how climate change will affect vulnerable waterfront communities.

Risk Business: What You Need to Read Today

Insurance Linked Securities: Consultation

UK Treasury

This consultation seeks views on a new regulatory and tax framework for Insurance Linked Securities (ILS) business in the UK. ILS is now an important part of the global specialist reinsurance market.

China’s New National Team: The Insurers

Bloomberg Gadlfy

The insurance companies are growing faster than their banking peers.

Lloyd’s China Expects to Double Business This Year – Chairman

Reuters

The Lloyd’s of London insurance market said on Tuesday it expects its China arm to more than double its insurance premiums this year to 2.5 billion yuan compared with 2015.

Buffett’s ‘Gem’ in Stamford Weathers Competition

Stamford Advocate 

Gen Re CEO Tad Montross made clear that Gen Re’s underwriters would only go so low on premiums when bidding for customers.

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