Risk Science: What You Need to Read Today
Events we label “natural disasters” are occurring more frequently than in the past.
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.
Scientists have long believed that animals can predict earthquakes, but have until now relied on anecdotal evidence of changes in animal behavior.
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
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.
Previously, the Bank could only offer derivatives. Now, the range of instruments has been expanded to include insurance and re-insurance contracts.
Fitch Ratings said private funds are “lightly regulated,” and leverage constraints are looser than elsewhere in the financial markets.
The market held back by lack of data for pricing risk.