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# March 26, 2015: Tornados Rip Through Oklahoma and a Boston Baked Cat Bond
- URL: https://www.riskmarketnews.com/march-26-2015-tornados-rip-through-oklahoma-and-a-boston-baked-cat-bond/
- Published: 2015-03-26T06:49:32.000Z
- Updated: 2015-03-26T06:49:32.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Tulsa Tornadoes Kill One, Leave Massive Destruction in Oklahoma](http://www.nbcnews.com/news/weather/extremely-dangerous-tornado-heading-tulsa-oklahoma-area-n330246?ref=riskmarketnews.com)

#### [NBC News](http://www.nbcnews.com/news/weather/extremely-dangerous-tornado-heading-tulsa-oklahoma-area-n330246?ref=riskmarketnews.com)

Tornado warnings continued through parts of Oklahoma late into the evening.

### [To See the Birth of an Atlantic Hurricane, Look to Africa](http://www.wired.com/2015/03/see-birth-atlantic-hurricane-look-africa/?ref=riskmarketnews.com)

#### [Wired](http://www.wired.com/2015/03/see-birth-atlantic-hurricane-look-africa/?ref=riskmarketnews.com)

The Africa Easterly Wave persists, and sometimes so does the energy that used to be a thunderstorm.

### [Gulf Coast Not Immune to Tsunamis, Say Researchers](http://www.al.com/news/index.ssf/2015/03/gulf%5Fcoast%5Fnot%5Fimmune%5Fto%5Ftsuna.html?ref=riskmarketnews.com)

#### [AL.com](http://www.al.com/news/index.ssf/2015/03/gulf%5Fcoast%5Fnot%5Fimmune%5Fto%5Ftsuna.html?ref=riskmarketnews.com)

While tsunamis in the Gulf of Mexico are rare, the Gulf states were added to the U.S. Tsunami Warning System in 2005.

### [Welcome to the ‘Double El Niño’ — and More Extreme Weather](http://www.pri.org/stories/2015-03-22/welcome-double-el-ni-o-and-more-extreme-weather?ref=riskmarketnews.com)

#### [PRI](http://www.pri.org/stories/2015-03-22/welcome-double-el-ni-o-and-more-extreme-weather?ref=riskmarketnews.com)

We’re about to experience a “double El Niño” — a rare weather phenomenon that climatologists had warned about several months ago.

## Risk Business: What You Need to Read Today

### [Lloyd’s of London 2014 Profits Flat, Returns Fal](http://uk.reuters.com/article/2015/03/26/uk-lloyds-of-london-results-idUKKBN0MM0LY20150326?ref=riskmarketnews.com)l

#### [Reuters](http://uk.reuters.com/article/2015/03/26/uk-lloyds-of-london-results-idUKKBN0MM0LY20150326?ref=riskmarketnews.com)

Lloyd’s of London posted a pre-tax profit of 3.2 billion pounds for 2014, it said on Thursday, unchanged from the previous year.

### [Snow Bank: Boston Takes Another Look at Catastrophe Bonds](http://www.structuredfinancenews.com/news/abs/snow-bank-boston-re-thinks-cat-bonds-255344-1.html?ref=riskmarketnews.com)

#### [Asset Securitization Report](http://www.structuredfinancenews.com/news/abs/snow-bank-boston-re-thinks-cat-bonds-255344-1.html?ref=riskmarketnews.com)

Facing costs incurred by this winter’s mega-snow, Boston’s MBTA might consider catastrophe bonds as a hedge against future damage.

### [UK Advisers Oppose QBE Insurance’s Executive Salaries Plan](http://www.theaustralian.com.au/business/financial-services/uk-advisers-oppose-qbe-insurances-executive-salaries-plan/story-fn91wd6x-1227278679830?ref=riskmarketnews.com)

#### [The Australian](http://www.theaustralian.com.au/business/financial-services/uk-advisers-oppose-qbe-insurances-executive-salaries-plan/story-fn91wd6x-1227278679830?ref=riskmarketnews.com)

A proxy advisory service based in Britain has urged fund managers to vote down the executive pay packets for QBE Insurance.

### [Banks Drop Fees in Race for China Reinsurance IPO](http://www.reuters.com/article/2015/03/26/idUSL3N0WS30M20150326?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/2015/03/26/idUSL3N0WS30M20150326?ref=riskmarketnews.com)

China’s biggest reinsurer has attracted low-ball bids from banks vying to sponsor its Hong Kong IPO.