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# March 3, 2016: Hedge Fund Reinsurers Eye Tax Risk, Tornado Outbreaks Worsen and the Hunt for Yield in Housing
- URL: https://www.riskmarketnews.com/march-3-2016-hedge-fund-reinsurers-eye-tax-risk-tornado-outbreaks-worsen-hunt-yield-housing/
- Published: 2016-03-03T07:08:42.000Z
- Updated: 2016-03-03T07:08:42.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Extreme Tornado Outbreaks Have Become More Common, Says Study](http://phys.org/news/2016-03-extreme-tornado-outbreaks-common.html?ref=riskmarketnews.com)

#### [Phys.org](http://phys.org/news/2016-03-extreme-tornado-outbreaks-common.html?ref=riskmarketnews.com)

The average number of tornado outbreaks has risen since 1954, and that the chance of extreme outbreaks has also increased.

### [Earthquake Exposes Gaps in Indonesia’s Tsunami-Warning System](http://www.wsj.com/articles/earthquake-exposes-gaps-in-indonesias-tsunami-warning-system-1456997452?ref=riskmarketnews.com)

#### [WSJ (sub may be required)](http://www.wsj.com/articles/earthquake-exposes-gaps-in-indonesias-tsunami-warning-system-1456997452?ref=riskmarketnews.com)

None of Indonesia’s 22 tsunami-warning buoys were working at the time of Wednesday’s earthquake

### [Where Climate Models Fall Short](http://www.nature.com/nature/journal/v531/n7592/full/531010d.html?ref=riskmarketnews.com)

#### [Nature (sub may be required)](http://www.nature.com/nature/journal/v531/n7592/full/531010d.html?ref=riskmarketnews.com)

Climate models tend to overestimate the extent to which climate change contributes to weather events such as extreme heat and rain.

### [Climate Change is a Potent Element in the Deadly Brew of Disaster Risk](http://www.theguardian.com/global-development/2016/mar/03/climate-change-disaster-risk-environment-heatwaves-droughts-floods?ref=riskmarketnews.com)

#### [The Guardian](http://www.theguardian.com/global-development/2016/mar/03/climate-change-disaster-risk-environment-heatwaves-droughts-floods?ref=riskmarketnews.com)

By tackling the environment we can also mitigate the impact of disasters, as heatwaves, droughts and floods threaten the lives of millions

## Risk Business: What You Need to Read Today

### [Europe’s Insurers, Pension Funds Turn to Risky Property in Hunt for Yield](http://uk.reuters.com/article/uk-rates-financing-impact-idUKKCN0W421N?ref=riskmarketnews.com)

#### [Reuters](http://uk.reuters.com/article/uk-rates-financing-impact-idUKKCN0W421N?ref=riskmarketnews.com)

Traditionally conservative European insurers and pension funds are turning increasingly to risky property bets on everything from new homes in provincial Britain to car parks at Brussels airport.

### [Loeb, Einhorn Reinsurers Cite Risk From IRS, Wyden Tax Scrutiny](http://www.bloomberg.com/news/articles/2016-03-02/loeb-einhorn-reinsurers-cite-risk-from-irs-wyden-tax-scrutiny?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-03-02/loeb-einhorn-reinsurers-cite-risk-from-irs-wyden-tax-scrutiny?ref=riskmarketnews.com)

Dan Loeb’s reinsurer cited risks tied to regulation as the Internal Revenue Service and U.S. Senator Ron Wyden work to limit what the lawmaker called a “tax loophole” used by hedge fund managers to route investments abroad.

### [Exclusive: Canyon Capital Prepares Board Challenge to Ambac – Sources](http://www.reuters.com/article/us-ambac-canyon-idUSKCN0W41VG?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-ambac-canyon-idUSKCN0W41VG?ref=riskmarketnews.com)

Hedge fund Canyon Capital Advisors LLC is preparing to challenge the leadership of Ambac Financial Group Inc by putting its own nominees up for election to the bond insurer’s board

### [Reinsurance the Perfect Hedge Fund Strategy to Diversify a Portfolio](https://www.youtube.com/watch?v=rfp2gRsFD2M&ref=riskmarketnews.com)

#### [Small Cap Nation (YouTube)](https://www.youtube.com/watch?v=rfp2gRsFD2M&ref=riskmarketnews.com)

An interview Don Steinbrugge, Managing Director, Agecroft Partners.