Risk Science: What You Need to Read Today
A Cyclone Destroys a Nation
The Atlantic
Pam, a Category 5 storm, has left most of Vanuatu’s population homeless.
Cyclone Pam: Is it Time for a Category-6 Cyclone Rating?
Sydney Morning Herald
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
Wired
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
LA Times
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
FT (sub may be required)
“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
World Bank Group
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
FT (sub may be required)
Large banks struggle to purchase protection for many of their biggest operational risks at sensible prices.
MetLife Wins $500M CRE Mandate From Reinsurer
Globe St.
MetLife Real Estate Investors said it has won a $500-million mandate from a reinsurance company to invest in US commercial real estate loans.
