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# March 24, 2015: Cyclone Catastrophe Fund Push for Queensland and 7 Typhoons Predicted for Hong Kong
- URL: https://www.riskmarketnews.com/march-24-2015-cyclone-catastrophe-fund-push-for-queensland-and-7-typhoons-predicted-for-hong-kong/
- Published: 2015-03-24T06:50:43.000Z
- Updated: 2015-03-24T06:50:43.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Up to Seven Typhoons and a Hot 2015, Hong Kong Observatory Predicts](http://www.scmp.com/news/hong-kong/article/1745605/hong-kong-should-expect-more-record-high-temperatures-observatory?ref=riskmarketnews.com)

#### [South China Morning Post (sub may be required)](http://www.scmp.com/news/hong-kong/article/1745605/hong-kong-should-expect-more-record-high-temperatures-observatory?ref=riskmarketnews.com)

Observatory director says more record temperatures can be expected while number of cold days declines amid climate change.

### [In the Danger Zone](http://www.trinidadexpress.com/featured-news/In-the-danger-zone-297317121.html?ref=riskmarketnews.com)

#### [Trinidad Express](http://www.trinidadexpress.com/featured-news/In-the-danger-zone-297317121.html?ref=riskmarketnews.com)

Research from the University of the West Indies Seismic Research Centre is rarely for mere scientific curiosity.

### [On World Meteorological Day, UN Chief Stresses Need to Mitigate Climate Change Patterns](http://www.un.org/apps/news/story.asp?NewsID=50408&ref=riskmarketnews.com#.VRE%5FXFwb1Ig)

#### [United Nations](http://www.un.org/apps/news/story.asp?NewsID=50408&ref=riskmarketnews.com#.VRE%5FXFwb1Ig)

World Meteorological Day commemorates the coming into force on 23 March 1950 of the convention establishing the UN World Meteorological Organization (WMO).

### [Outbreak of Swine Flu Kills 30 in Turkey](http://www.newsweek.com/outbreak-swine-flu-kills-30-turkey-315921?ref=riskmarketnews.com)

#### [Newsweek](http://www.newsweek.com/outbreak-swine-flu-kills-30-turkey-315921?ref=riskmarketnews.com)

The WHO warned in February that the world is still highly vulnerable to a severe flu pandemic.

## Risk Business: What You Need to Read Today

### [Rising Far North Qld Insurance Costs Spark Push to Create Catastrophe Cover Not-for-Profit Insurer](http://www.abc.net.au/news/2015-03-24/push-to-create-new-catastrophe-cover-insurer-for/6343596?ref=riskmarketnews.com)

#### [ABC News](http://www.abc.net.au/news/2015-03-24/push-to-create-new-catastrophe-cover-insurer-for/6343596?ref=riskmarketnews.com)

The Cairns Chamber of Commerce in far north Queensland is spearheading a push to establish a not-for-profit insurance company that would provide cover for catastrophes like cyclones.

### [The Right Sort of Help for Cyber Security Insurance](http://www.ft.com/intl/cms/s/0/d441bfa0-d14f-11e4-86c8-00144feab7de.html?ref=riskmarketnews.com#axzz3VIW1j9ME)

#### [Financial Times (sub may be required)](http://www.ft.com/intl/cms/s/0/d441bfa0-d14f-11e4-86c8-00144feab7de.html?ref=riskmarketnews.com#axzz3VIW1j9ME)

The fledgling market needs data sharing far more than state cash

### [Reinsurance Firm Stops Writing New Business](http://www.royalgazette.com/article/20150323/BUSINESS04/150329892?ref=riskmarketnews.com)

#### [Royal Gazette](http://www.royalgazette.com/article/20150323/BUSINESS04/150329892?ref=riskmarketnews.com)

AQR Re Management Ltd is to wind down its operations after three years in business as a result of the reinsurance industry’s “consolidating market dynamics”.

### [Opportunities for the Green Climate Fund in 2015](https://www.americanprogress.org/issues/green/report/2015/03/23/109483/opportunities-for-the-green-climate-fund-in-2015/?ref=riskmarketnews.com)

#### [Center for American Progress](https://www.americanprogress.org/issues/green/report/2015/03/23/109483/opportunities-for-the-green-climate-fund-in-2015/?ref=riskmarketnews.com)

The Green Climate Fund, or GCF, is an important new multilateral tool for investing in projects in developing countries that reduce their greenhouse gas emissions and enhance their ability to adapt to a changing climate.