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# March 16, 2015: Turning Up the Cyclone Dial to 6 and Banks Can't Buy Insurance Love
- URL: https://www.riskmarketnews.com/march-16-2015-turning-up-the-cyclone-dial-to-6-and-banks-cant-buy-insurance-love/
- Published: 2015-03-16T06:47:27.000Z
- Updated: 2015-03-16T06:47:27.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [A Cyclone Destroys a Nation](http://www.theatlantic.com/international/archive/2015/03/a-cyclone-destroys-a-nation/387820/?ref=riskmarketnews.com)

#### [The Atlantic](http://www.theatlantic.com/international/archive/2015/03/a-cyclone-destroys-a-nation/387820/?ref=riskmarketnews.com)

Pam, a Category 5 storm, has left most of Vanuatu’s population homeless.

### [Cyclone Pam: Is it Time for a Category-6 Cyclone Rating?](http://www.smh.com.au/environment/climate-change/cyclone-pam-is-it-time-for-a-category6-cyclone-rating-20150316-1m04qv.html?ref=riskmarketnews.com)

#### [Sydney Morning Herald](http://www.smh.com.au/environment/climate-change/cyclone-pam-is-it-time-for-a-category6-cyclone-rating-20150316-1m04qv.html?ref=riskmarketnews.com)

The unusual strength of Cyclone Pam may stir debate about the need for a category-6 rating for storms to reflect their increasing severity.

### [Ebola Could Cause Thousands More Deaths — By Ushering in Measles ](http://www.wired.com/2015/03/ebola-measles/?ref=riskmarketnews.com)

#### [Wired](http://www.wired.com/2015/03/ebola-measles/?ref=riskmarketnews.com)

Ebola outbreak is creating layers of health risks for developing countries.

### [Garcetti Hopes to Have L.A.’s Quake Retrofit Laws in Place This Year](http://www.latimes.com/local/cityhall/la-me-earthquake-garcetti-20150316-story.html?ref=riskmarketnews.com)

#### [LA Times](http://www.latimes.com/local/cityhall/la-me-earthquake-garcetti-20150316-story.html?ref=riskmarketnews.com)

Mayor Garcetti is moving to get his far-reaching earthquake retrofit laws in place by the end of the year.

## Risk Business: What You Need to Read Today

### [Hedge Funds Opt for Predictability Over Risk](http://www.ft.com/intl/cms/s/0/13f21fbe-b6d4-11e4-95dc-00144feab7de.html?ref=riskmarketnews.com#axzz3UXd847yM)

#### [FT (sub may be required)](http://www.ft.com/intl/cms/s/0/13f21fbe-b6d4-11e4-95dc-00144feab7de.html?ref=riskmarketnews.com#axzz3UXd847yM)

“Institutional investors are now prepared to target lower returns from their hedge funds, with lower volatility, than in the past.”

### [World Bank Group Statement On Cyclone Pam](http://www.worldbank.org/en/news/press-release/2015/03/15/world-bank-group-statement-on-cyclone-pam?ref=riskmarketnews.com)

#### [World Bank Group](http://www.worldbank.org/en/news/press-release/2015/03/15/world-bank-group-statement-on-cyclone-pam?ref=riskmarketnews.com)

The World Bank is exploring the possibility of a rapid insurance payout to the Government of Vanuatu.

### [Banks Exposed as Scandals Leave Insurers Wary of Providing Cover](http://www.ft.com/intl/cms/s/0/370df762-b6ce-11e4-95dc-00144feab7de.html?ref=riskmarketnews.com#axzz3UXd847yM)

#### [FT (sub may be required)](http://www.ft.com/intl/cms/s/0/370df762-b6ce-11e4-95dc-00144feab7de.html?ref=riskmarketnews.com#axzz3UXd847yM)

Large banks struggle to purchase protection for many of their biggest operational risks at sensible prices.

### [MetLife Wins $500M CRE Mandate From Reinsurer](http://www.globest.com/news/12%5F1066/national/finance/MetLife-Wins-500M-CRE-Mandate-from-Reinsurer-356179-1.html?ref=riskmarketnews.com)

#### [Globe St.](http://www.globest.com/news/12%5F1066/national/finance/MetLife-Wins-500M-CRE-Mandate-from-Reinsurer-356179-1.html?ref=riskmarketnews.com)

MetLife Real Estate Investors said it has won a $500-million mandate from a reinsurance company to invest in US commercial real estate loans.