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# March 11, 2015: California Quake Risk Intensifies, Canadian Catastrophe Fund May Come Up Short and a Flash Flood Model Breakthrough
- URL: https://www.riskmarketnews.com/march-11-2015-california-quake-risk-intensifies-canadian-catastrophe-fund-may-come-up-short-and-a-flash-flood-model-breakthrough/
- Published: 2015-03-11T06:45:04.000Z
- Updated: 2015-03-11T06:45:04.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Risk of 8.0 Earthquake in California Rises, USGS Says](http://www.latimes.com/local/lanow/la-me-ln-chance-of-80-earthquake-in-california-rises-usgs-says-20150310-story.html?ref=riskmarketnews.com)

#### [LA Times](http://www.latimes.com/local/lanow/la-me-ln-chance-of-80-earthquake-in-california-rises-usgs-says-20150310-story.html?ref=riskmarketnews.com)

Estimates of the chance of a magnitude 8.0 or greater earthquake hitting California in the next three decades have been raised from about 4.7% to 7%.

### [Hydrologic Model May Predict Flash Flooding](http://www.laboratoryequipment.com/news/2015/03/hydrologic-model-may-predict-flash-flooding?ref=riskmarketnews.com)

#### [Laboratory Equipment](http://www.laboratoryequipment.com/news/2015/03/hydrologic-model-may-predict-flash-flooding?ref=riskmarketnews.com)

Researchers were able to understand flood genesis by zeroing in on the impacts of certain rainfall patterns at the smallest unit of a river basin: the hillslope scale.

### [Protecting Manhattan from another Hurricane Sand](http://www.dailymail.co.uk/news/article-2987993/Protecting-Manhattan-Hurricane-Sandy-Stunning-plans-revealed-Dryline-10-miles-waterfront-park-disguise-crucial-flood-defences.html?ref=riskmarketnews.com)y

#### [Daily Mail](http://www.dailymail.co.uk/news/article-2987993/Protecting-Manhattan-Hurricane-Sandy-Stunning-plans-revealed-Dryline-10-miles-waterfront-park-disguise-crucial-flood-defences.html?ref=riskmarketnews.com)

Animated video shows what the Danish designed Manhattan Dryline will look like with green space and pavilions.

### [Florida Isn’t the Only State Trying to Shut Down Discussion of Climate Change](http://www.vox.com/2015/3/10/8182513/florida-ban-climate-change?ref=riskmarketnews.com)

#### [Vox](http://www.vox.com/2015/3/10/8182513/florida-ban-climate-change?ref=riskmarketnews.com)

In a growing number of states, conservatives have been taking a rather novel approach to climate change — simply preventing people from talking about it.

## Risk Business: What You Need to Read Today

### [Cost of Another Rail Catastrophe Could Outstrip Compensation Fund](http://www.thestar.com/news/canada/2015/03/11/cost-of-another-rail-catastrophe-could-outstrip-compensation-fund.html?ref=riskmarketnews.com)

#### [Toronto Star](http://www.thestar.com/news/canada/2015/03/11/cost-of-another-rail-catastrophe-could-outstrip-compensation-fund.html?ref=riskmarketnews.com)

Critics say Ottawa is lowballing its demands for railway insurance and oil industry payments to a disaster fund.

### [Munich Re Continues Share Buybacks Amid Falling Profit](http://www.bloomberg.com/news/articles/2015-03-11/munich-re-continues-share-buybacks-amid-falling-profit?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2015-03-11/munich-re-continues-share-buybacks-amid-falling-profit?ref=riskmarketnews.com)

Munich Re plans to repurchase an additional 1 billion euros ($1.1 billion) of its own shares before its 2016 shareholder meeting.

### [Disaster Damage Expected to Hit $300 billion Yearly as Events Intensify](http://www.reuters.com/article/2015/03/10/us-disaster-risk-food-idUSKBN0M61G620150310?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/2015/03/10/us-disaster-risk-food-idUSKBN0M61G620150310?ref=riskmarketnews.com)

Investing in insurance programs for poor farmers today could save tens of billions of dollars in coming decades as climate change upsets growing patterns.

### [Why Hedge Funds Still Make Sense for Pension Funds](http://www.nytimes.com/2015/03/10/business/dealbook/why-hedge-funds-still-make-sense-for-pension-funds.html?%5Fr=0&ref=riskmarketnews.com)

#### [DealBook](http://www.nytimes.com/2015/03/10/business/dealbook/why-hedge-funds-still-make-sense-for-pension-funds.html?%5Fr=0&ref=riskmarketnews.com)

Politics rather than rational portfolio construction contributed to a series of recent pension fund defections from the the hedge fund industry.