March 16, 2016: Double Whammy Quake, Munich Re Buyback and Yield Starved Insurers
1 min read

March 16, 2016: Double Whammy Quake, Munich Re Buyback and Yield Starved Insurers

Risk Science: What You Need to Read Today

13.1 Million U.S. Coastal Residents Could Face Flooding from Rising Sea Levels, Study Says

LA Times

The estimated number of coastal dwellers affected by rising sea level is three times higher than previously projected.

Until 1950, U.S. Weathermen Were Forbidden From Talking About Tornados

Slate

From 1887 up until 1950, American weather forecasters were forbidden from attempting to predict tornados.

Meet Mount Everest’s Meteorologist [Q&A]

Scientific American

Each spring Michael Fagin’s weather predictions could mean the difference between life and death.

Double Whammy of Multi-Fault Ruptures Can Unleash Stronger Earthquakes, Stanford Scientists Say

Stanford News

Research based on a new study of California’s 1812 earthquake yields insights to improve future seismic hazard predictions.

Risk Business: What You Need to Read Today

Munich Re Sees Lower Profit, Plans New $1.1 Billion Buyback

Bloomberg

Munich Re expects profit to decline this year as falling prices for its products and low interest rates weigh on investment earnings.

Insurers Could Use Data to Better Price Risk: Aon Benfield

Australian Financial Review

Global reinsurance giant Aon Benfield has urged the government and the local insurance sector to make better use of “deep-dive” data analytics.

Yield-Starved European Insurers Look Past Risks to Mull Emerging Bonds

Reuters

Europe’s 10-trillion euro insurance industry is turning to emerging debt for the higher returns it desperately needs.

Swiss Re Boosts CEO Lies’ Compensation to 7.02 Million Sfr

Reuters

Economic net worth for the firm declined.

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