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# March 25, 2015: Sandy Suit Setback and the World Bank Expands Disaster Finance
- URL: https://www.riskmarketnews.com/march-25-2015-sandy-suit-setback-and-the-world-bank-expands-disaster-finance/
- Published: 2015-03-25T07:00:12.000Z
- Updated: 2015-03-25T07:00:12.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Explainer: Are Natural Disasters on the Rise?](http://theconversation.com/explainer-are-natural-disasters-on-the-rise-39232?ref=riskmarketnews.com)

#### [The Conversation](http://theconversation.com/explainer-are-natural-disasters-on-the-rise-39232?ref=riskmarketnews.com)

Events we label “natural disasters” are occurring more frequently than in the past.

### [Lessons From Hurricane Sandy Aid Cyber War Games](http://www.ft.com/intl/cms/s/0/f9c68eca-d246-11e4-ae91-00144feab7de.html?ref=riskmarketnews.com#axzz3VOOIhrro)

#### [Financial Times (sub may be required)](http://www.ft.com/intl/cms/s/0/f9c68eca-d246-11e4-ae91-00144feab7de.html?ref=riskmarketnews.com#axzz3VOOIhrro)

Financial regulators are drawing lessons from responses to natural disasters as they prepare for cyber war games that will simulate breaches at Wall Street and London banks.

### [Want an Affordable Earthquake Warning System? Use Animals, Scientists Say](http://www.reuters.com/article/2015/03/24/us-earthquake-animals-idUSKBN0MK21C20150324?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/2015/03/24/us-earthquake-animals-idUSKBN0MK21C20150324?ref=riskmarketnews.com)

Scientists have long believed that animals can predict earthquakes, but have until now relied on anecdotal evidence of changes in animal behavior.

### [Life in the Philippines: Preparing for the Next Typhoon Haiyan](http://www.theguardian.com/environment/2015/mar/25/life-in-the-philippines-preparing-for-the-next-typhoon-haiyan?ref=riskmarketnews.com)

#### [The Guardian](http://www.theguardian.com/environment/2015/mar/25/life-in-the-philippines-preparing-for-the-next-typhoon-haiyan?ref=riskmarketnews.com)

The Philippines is battered by some 20 typhoons a year – events that will get more severe with climate change.

## Risk Business: What You Need to Read Today

### [Court Sides With PSEG in Sandy Storm Surge Coverage Battle](http://www.njlawjournal.com/this-weeks-news/id=1202721486859/Court-Sides-With-PSEG-in-Sandy-Storm-Surge-Coverage-Battle?mcode=1202617207189&curindex=0&slreturn=20150225063810&ref=riskmarketnews.com)

#### [New Jersey Law Journal](http://www.njlawjournal.com/this-weeks-news/id=1202721486859/Court-Sides-With-PSEG-in-Sandy-Storm-Surge-Coverage-Battle?mcode=1202617207189&curindex=0&slreturn=20150225063810&ref=riskmarketnews.com)

A novel ruling affects insurance coverage for $500 million in losses claimed by New Jersey’s largest utility company as a result of Hurricane Sandy.

### [World Bank Significantly Expands Disaster Risk Management Product Offerings for Clients](http://www.worldbank.org/en/news/press-release/2015/03/24/world-bank-disaster-risk-managament-product-offerings-clients?ref=riskmarketnews.com)

#### [World Bank](http://www.worldbank.org/en/news/press-release/2015/03/24/world-bank-disaster-risk-managament-product-offerings-clients?ref=riskmarketnews.com)

Previously, the Bank could only offer derivatives. Now, the range of instruments has been expanded to include insurance and re-insurance contracts.

### [Fitch: Hedge, Private Funds Are Greatest Systemic Risk to Investment Management](http://www.pionline.com/article/20150324/ONLINE/150329952/fitch-hedge-private-funds-are-greatest-systemic-risk-to-investment-management?ref=riskmarketnews.com)

#### [Pensions & Investments](http://www.pionline.com/article/20150324/ONLINE/150329952/fitch-hedge-private-funds-are-greatest-systemic-risk-to-investment-management?ref=riskmarketnews.com)

Fitch Ratings said private funds are “lightly regulated,” and leverage constraints are looser than elsewhere in the financial markets.

### [Cyber-Insurance Still Too Expensive and Complex, Government Report Admits](http://www.computerworlduk.com/news/security/3605241/cyber-insurance-still-too-expensive-and-complex-government-report-admits/?ref=riskmarketnews.com)

#### [Computerworld UK](http://www.computerworlduk.com/news/security/3605241/cyber-insurance-still-too-expensive-and-complex-government-report-admits/?ref=riskmarketnews.com)

The market held back by lack of data for pricing risk.