March 26, 2015: Tornados Rip Through Oklahoma and a Boston Baked Cat Bond
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March 26, 2015: Tornados Rip Through Oklahoma and a Boston Baked Cat Bond

Risk Science: What You Need to Read Today

Tulsa Tornadoes Kill One, Leave Massive Destruction in Oklahoma

NBC News

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

To See the Birth of an Atlantic Hurricane, Look to Africa

Wired

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

AL.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

PRI

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 Fall

Reuters

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

Asset Securitization Report

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

The Australian

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

Reuters

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

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