March 22, 2016: Hedging Hurricane Season Predictions, $600M Texas Hail Loss and the Belgium's Terror Suburb 
1 min read

March 22, 2016: Hedging Hurricane Season Predictions, $600M Texas Hail Loss and the Belgium's Terror Suburb 

Risk Science: What You Need to Read Today

Waning El Nino Doesn’t Portend Busier Storm Season, Experts Predict

Herald Tribune

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

City Metric

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

The Guardian

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

Sun Herald

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

Star Telegram

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

Rapid Growth in Cyber Insurance Would Be Credit-Negative

Fitch

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?

83 Degrees

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’

Bloomberg

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..

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