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# March 22, 2016: Hedging Hurricane Season Predictions, $600M Texas Hail Loss and the Belgium's Terror Suburb 
- URL: https://www.riskmarketnews.com/march-22-2016-hedging-hurricane-season-predictions-600m-texas-hail-loss-belgiums-terror-suburb/
- Published: 2016-03-22T07:58:29.000Z
- Updated: 2016-03-22T07:58:29.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Waning El Nino Doesn’t Portend Busier Storm Season, Experts Predict](http://www.heraldtribune.com/article/20160321/ARTICLE/160329921/2055/NEWS?Title=Waning-El-Nino-doesn-t-portend-busier-storm-season-experts-predict&ref=riskmarketnews.com)

#### [Herald Tribune](http://www.heraldtribune.com/article/20160321/ARTICLE/160329921/2055/NEWS?Title=Waning-El-Nino-doesn-t-portend-busier-storm-season-experts-predict&ref=riskmarketnews.com)

El Nino is expected to wane later this summer, but that won’t necessarily cause a more active Atlantic hurricane season, said noted forecaster Phil Klotzbach.

### [What Is It About Molenbeek? Molenbeek? The Belgian Suburb that Was a Base for Paris Terror Attacks](http://www.citymetric.com/politics/what-it-about-molenbeek-belgian-suburb-was-base-paris-terror-attacks-1939?ref=riskmarketnews.com)

#### [City Metric](http://www.citymetric.com/politics/what-it-about-molenbeek-belgian-suburb-was-base-paris-terror-attacks-1939?ref=riskmarketnews.com)

Molenbeek – an urban commune on the north-western edges of Brussels – is unlikely to feature any time soon on tourist-bus tours of historic Brussels.

### [Global Warming Taking Place at an ‘Alarming Rate’, UN Climate Body Warns](http://www.theguardian.com/environment/2016/mar/21/global-warming-taking-place-at-an-alarming-rate-un-climate-body-warns?ref=riskmarketnews.com)

#### [The Guardian](http://www.theguardian.com/environment/2016/mar/21/global-warming-taking-place-at-an-alarming-rate-un-climate-body-warns?ref=riskmarketnews.com)

The report follows Nasa figures showing that February 2016 was the most unseasonably hot month on record by a massive margin, which climate scientists described as “shocking”.

### [Coastal Texans Consider Ways to Deal with Walls of Water](http://www.sunherald.com/news/state/mississippi/article67327237.html?ref=riskmarketnews.com)

#### [Sun Herald](http://www.sunherald.com/news/state/mississippi/article67327237.html?ref=riskmarketnews.com)

State recommendation will soon be released on how Galveston Bay communities should be protected from storm surge caused from future hurricanes.

## Risk Business: What You Need to Read Today

### [Hailstorm in Tarrant County Tops $600 Million in Insurance Claims](http://www.star-telegram.com/news/local/community/fort-worth/article67402197.html?ref=riskmarketnews.com)

#### [Star Telegram](http://www.star-telegram.com/news/local/community/fort-worth/article67402197.html?ref=riskmarketnews.com)

Friday’s severe weather would be the 12th costliest storm in Texas.

### [Rapid Growth in Cyber Insurance Would Be Credit-Negative](https://www.fitchratings.com/site/fitch-home/pressrelease?id=1001233&ref=riskmarketnews.com)

#### [Fitch](https://www.fitchratings.com/site/fitch-home/pressrelease?id=1001233&ref=riskmarketnews.com)

Traditional insurance risks and loss expectations such as catastrophe and natural disasters are fairly well modeled and understood, but modeling and available data for cyber risk is in its infancy.

### [Is the Global Reinsurance Industry Making Florida More Resilient to Climate Change, Hurricanes?](http://www.83degreesmedia.com/features/climatechange032216.aspx?ref=riskmarketnews.com)

#### [83 Degrees](http://www.83degreesmedia.com/features/climatechange032216.aspx?ref=riskmarketnews.com)

Some players in the global reinsurance industry are transforming these mounting natural catastrophe risks into a vibrant marketplace for new financial products and services.

### [Genworth Rallies After Bondholders Avoid \`Devastating Risk’](http://www.bloomberg.com/news/articles/2016-03-21/genworth-rallies-after-bondholder-vote-avoids-devastating-risk?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-03-21/genworth-rallies-after-bondholder-vote-avoids-devastating-risk?ref=riskmarketnews.com)

Genworth shares gained after bondholders agreed to changes sought by CEO Tom McInerney as he reshapes the insurer and seeks to rebound from losses on long-term care coverage..