> ## Content Index
> Fetch the complete content index at: https://www.riskmarketnews.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# March 6, 2015: Isle of Man Launches ILS Framework, 54 Million at Risk of Flood
- URL: https://www.riskmarketnews.com/march-6-2015-isle-of-man-launches-ils-framework-54-million-at-risk-of-flood/
- Published: 2015-03-06T07:45:57.000Z
- Updated: 2015-03-06T07:45:57.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [El Niño Finally Arrives But is Weaker Than Expected, Says US Agency](http://www.theguardian.com/environment/2015/mar/05/el-nino-arrives-weaker-us-agency?ref=riskmarketnews.com)

#### [The Guardian](http://www.theguardian.com/environment/2015/mar/05/el-nino-arrives-weaker-us-agency?ref=riskmarketnews.com)

Arrival of long-anticipated climate phenomenon will be too little, too late for drought-struck California, meteorologists say.

### [Extreme Rain May Flood 54 Million People by 2030](http://www.scientificamerican.com/article/extreme-rain-may-flood-54-million-people-by-2030/?ref=riskmarketnews.com)

#### [Scientific American](http://www.scientificamerican.com/article/extreme-rain-may-flood-54-million-people-by-2030/?ref=riskmarketnews.com)

Floods could affect twice as many people as currently within 15 years, according to a new tool.

### [An Earthquake of a Snowstorm](http://www.usatoday.com/story/opinion/2015/03/05/preparedness-disaster-weather-government-column/24273999/?ref=riskmarketnews.com)

#### [USA Today](http://www.usatoday.com/story/opinion/2015/03/05/preparedness-disaster-weather-government-column/24273999/?ref=riskmarketnews.com)

What happened in Chile in 2010 could teach us a thing or two about coping with this winter.

### [Cyclone Watch: No Cause for Alarm Yet, But Forecasters Monitor Tropical Low](http://www.couriermail.com.au/news/queensland/cyclone-watch-no-cause-for-alarm-yet-but-forecasters-monitor-tropical-low/story-fnkt21jb-1227251935556?ref=riskmarketnews.com)

#### [Courier Mail](http://www.couriermail.com.au/news/queensland/cyclone-watch-no-cause-for-alarm-yet-but-forecasters-monitor-tropical-low/story-fnkt21jb-1227251935556?ref=riskmarketnews.com)

Despite its cheap energy and other advantages, America is still losing ground to emerging markets in the battle for foreign investment.

## Risk Business: What You Need to Read Today

### [Release of ISPV framework](http://www.gov.im/ipa/insurance/regulations/ispv.xml?ref=riskmarketnews.com)

#### [Isle of Man Insurance and Pensions Authority](http://www.gov.im/ipa/insurance/regulations/ispv.xml?ref=riskmarketnews.com)

ISPVs represent a new specialist class of (re)insurer for the Island which is designed to facilitate Insurance Linked Securities and other collateralised (re)insurance transactions between sophisticated parties.

### [Sompo Japan to Buy 7.8 pct Stake in French Reinsurer SCOR](http://www.reuters.com/article/2015/03/06/sompo-jp-nppnkoa-scor-idUSL4N0W834C20150306?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/2015/03/06/sompo-jp-nppnkoa-scor-idUSL4N0W834C20150306?ref=riskmarketnews.com)

SCOR welcomed the arrival of Sompo in its capital as a long-term shareholder, but said it had not been party to the transaction between the Japanese company and Patinex.

### [Insurers Step Up for Drone Pilots Unwilling to Wait on FAA Rules](http://www.bloomberg.com/news/articles/2015-03-06/insurers-step-up-for-drone-pilots-unwilling-to-wait-on-faa-rules?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2015-03-06/insurers-step-up-for-drone-pilots-unwilling-to-wait-on-faa-rules?ref=riskmarketnews.com)

Purchasing insurance for commercial drones, which isn’t prohibited under FAA rules, doesn’t make flying them legitimate.

### [Sidecar Pioneer Olympus Re Being Wound Up](http://www.royalgazette.com/article/20150304/BUSINESS04/150309909?ref=riskmarketnews.com)

#### [Royal Gazette](http://www.royalgazette.com/article/20150304/BUSINESS04/150309909?ref=riskmarketnews.com)

“The theory is still sound, but it’s been a sorry chapter.”