March 25, 2015: Sandy Suit Setback and the World Bank Expands Disaster Finance

Risk Science: What You Need to Read Today

Explainer: Are Natural Disasters on the Rise?

The Conversation

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

Lessons From Hurricane Sandy Aid Cyber War Games

Financial Times (sub may be required)

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


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

The Guardian

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

New Jersey Law Journal

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

World Bank

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

Pensions & Investments

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

Computerworld UK

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

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