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# March 25, 2016: Australian Storm Bill Tops Half Billion Mark and Modeling Genocide
- URL: https://www.riskmarketnews.com/march-25-2016-australian-storm-bill-tops-half-billion-mark-modeling-genocide/
- Published: 2016-03-25T07:05:28.000Z
- Updated: 2016-03-25T07:05:29.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Wildfire Burns About 620 Square Miles in Kansas, Oklahoma](http://abcnews.go.com/US/wireStory/crews-bringing-wildfires-kansas-oklahoma-control-37889812?ref=riskmarketnews.com)

#### [ABC](http://abcnews.go.com/US/wireStory/crews-bringing-wildfires-kansas-oklahoma-control-37889812?ref=riskmarketnews.com)

Smoke from the fire, which burned about 620 square miles in the two states, was reportedly detected as far away as St. Louis.

### [GOES-R Satellite Could Provide Better Data for Hurricane Prediction](http://phys.org/news/2016-03-goes-r-satellite-hurricane.html?ref=riskmarketnews.com)

#### [Phys.org](http://phys.org/news/2016-03-goes-r-satellite-hurricane.html?ref=riskmarketnews.com)

The launch of the GOES-R geostationary satellite in October 2016 could herald a new era for predicting hurricanes, according to Penn State researchers.

### [Tornado Outbreaks are Becoming More Dangerous, Columbia Researchers Find](http://columbiaspectator.com/news/2016/03/25/tornado-outbreaks-are-becoming-more-dangerous-columbia-researchers-find?ref=riskmarketnews.com)

#### [Columbia Spectator](http://columbiaspectator.com/news/2016/03/25/tornado-outbreaks-are-becoming-more-dangerous-columbia-researchers-find?ref=riskmarketnews.com)

As the mean number of tornadoes per outbreak increases, so does the variance of tornadoes per outbreak.

### [Forecasting Future Atrocities](http://www.psmag.com/politics-and-law/forecasting-future-atrocities?ref=riskmarketnews.com)

#### [Pacific Standard](http://www.psmag.com/politics-and-law/forecasting-future-atrocities?ref=riskmarketnews.com)

Researchers attempt to predict which countries are most at risk for genocide or politicide over the coming five years.

## Risk Business: What You Need to Read Today

### [Catastrophic Summer Events Cost Insurers More Than $550 Million, Insurance Council of Australia Says](http://www.abc.net.au/news/2016-03-25/catastrophes-summer-costs-insurance-companies-more-than-550m/7276564?ref=riskmarketnews.com)

#### [ABC](http://www.abc.net.au/news/2016-03-25/catastrophes-summer-costs-insurance-companies-more-than-550m/7276564?ref=riskmarketnews.com)

The damage bill for three bushfires in South Australia, Victoria and Western Australia, and a tornado in New South Wales was more than $550 million.

### [Proposal Aims to Curb Bank Risk Models](http://www.wsj.com/articles/basel-committee-proposes-curbs-on-bank-risk-models-1458833654?ref=riskmarketnews.com)

#### [WSJ (sub may be required)](http://www.wsj.com/articles/basel-committee-proposes-curbs-on-bank-risk-models-1458833654?ref=riskmarketnews.com)

Basel Committee proposes limits on discretion institutions have to measure how much risk they can take

### [More Frequent Attacks on Western Countries Lifts Demand for Specialist Insurance](http://www.reuters.com/article/us-insurance-attacks-idUSKCN0WQ1WG?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-insurance-attacks-idUSKCN0WQ1WG?ref=riskmarketnews.com)

Rising risks in developed countries after a string of deadly attacks are driving up demand for specialist insurance to cover losses stemming from such events.

### [Exor’s Elkann to Lead PartnerRe Board After $6.1 Billion Deal](http://www.bloomberg.com/news/articles/2016-03-24/exor-s-elkann-to-be-partnerre-chairman-after-largest-takeover?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-03-24/exor-s-elkann-to-be-partnerre-chairman-after-largest-takeover?ref=riskmarketnews.com)

PartnerRe President Emmanuel Clarke was named CEO of the reinsurer.