March 23, 2015: Sad Tale of Southport Lane and California's Looming Catastrophic Drought
Risk Science: What You Need to Read Today
The Economics of California’s Drought
What happens when the country’s largest state runs low on water?
Silent Spring: No Severe Thunderstorm or Tornado Watches Issued So Far in March
For the first time in 45 years, the National Weather Service has yet to issue a single severe thunderstorm or tornado watch this deep into March.
Cost to Earthquake-Proof L.A.’s Crumbling Pipe System? $15 Billion
Repairing L.A.’s crumbling pipe system could be one of the costliest infrastructure projects in state history
Climate Future: Fewer But More Intense Cyclones Predicted in Aftermath of Pam
Sydney Morning Herald
Assessing cyclone strengths is challenging as ground stations in the maw of a storm are often damaged.
Risk Business: What You Need to Read Today
Young Financier’s Insurance Empire Collapses
WSJ (sub may be required)
Investments of insurance companies owned by Southport Lane Management were swapped for unusual and sometimes worthless assets.
Cyber Attacks Could Give a Lift to the London Insurance Market
The government is working with firms to build an industry in Britain.
Navigating a New Course for Longevity Risk
The Merchant Navy Officers Pension Fund is not unaccustomed to charting new waters, and its recent deal with reinsurer Pacific Life Re has established a new trade route for longevity risk swaps.
Fed Still Learning On Insurance Industry Oversight – Lockhart
The Federal Reserve is still coming to grips with how large insurance companies should be regulated to protect the financial system.
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