> ## 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.

# May 4, 2016: ILS and Contagion Risk, Fixing the Hail Problem and Caymans Seek Reinsurance 
- URL: https://www.riskmarketnews.com/may-4-2016-ils-contagion-risk-fixing-hail-problem-caymans-seek-reinsurance/
- Published: 2016-05-04T07:39:16.000Z
- Updated: 2016-05-04T07:39:16.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Wildfire Rages Through Canadian City, Forcing Mass Evacuation](http://www.reuters.com/article/us-canada-wildfire-fortmcmurray-idUSKCN0XU2D8?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-canada-wildfire-fortmcmurray-idUSKCN0XU2D8?ref=riskmarketnews.com)

Fire raged unchecked through the Canadian city of Fort McMurray overnight as authorities raced to complete the evacuation of its population of 80,000.

### [Models Are Terrible at Forecasting Hail. These Scientists are Working to Fix That](https://www.washingtonpost.com/news/capital-weather-gang/wp/2016/05/03/models-are-terrible-at-forecasting-hail-these-scientists-are-working-to-fix-that/?ref=riskmarketnews.com)

#### [Washington Post](https://www.washingtonpost.com/news/capital-weather-gang/wp/2016/05/03/models-are-terrible-at-forecasting-hail-these-scientists-are-working-to-fix-that/?ref=riskmarketnews.com)

It all could all change with advancements being made in hail forecast modeling by researchers at the University of Oklahoma.

### [Scientists Reveal Likely Cause of Recent Southeast U.S. Earthquakes](http://www.upi.com/Science%5FNews/2016/05/03/Scientists-reveal-likely-cause-of-recent-southeast-US-earthquakes/6391462300525/?ref=riskmarketnews.com)

#### [UPI](http://www.upi.com/Science%5FNews/2016/05/03/Scientists-reveal-likely-cause-of-recent-southeast-US-earthquakes/6391462300525/?ref=riskmarketnews.com)

A new study suggests the southeastern United States will be seismically active for some time.

### [Car Crashes: Predicting High Risk Locations](https://www.sciencedaily.com/releases/2016/05/160503104524.htm?ref=riskmarketnews.com)

#### [Science Daily](https://www.sciencedaily.com/releases/2016/05/160503104524.htm?ref=riskmarketnews.com)

Scientists have developed a new blackspot identification method that offers an unbiased prediction of crash counts and allows a more accurate way to identify high-risk crash sites.

## Risk Business: What You Need to Read Today

### [Why AIG Is Pulling Money From Hedge Funds](http://fortune.com/2016/05/03/why-aig-is-pulling-money-from-hedge-funds/?ref=riskmarketnews.com)

#### [Fortune](http://fortune.com/2016/05/03/why-aig-is-pulling-money-from-hedge-funds/?ref=riskmarketnews.com)

AIG has been scaling back investments in hedge funds, which have borne the brunt of excessive market volatility.

### [Roots of the Next Financial Crisis: Veterans Provide Expert Views](https://blogs.thomsonreuters.com/answerson/roots-next-financial-crisis-veterans-provide-expert-views/?ref=riskmarketnews.com)

#### [Reuters Regulatory Intelligence ](https://blogs.thomsonreuters.com/answerson/roots-next-financial-crisis-veterans-provide-expert-views/?ref=riskmarketnews.com)

Insurance, ILS and post-event “contagion” risk make the list.

### [Japan-to-U.S. Insurance M&A Wave Not Over Yet, Bankers Say](http://www.bloomberg.com/news/articles/2016-05-03/japan-to-u-s-insurance-m-a-wave-not-over-yet-bankers-say?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-05-03/japan-to-u-s-insurance-m-a-wave-not-over-yet-bankers-say?ref=riskmarketnews.com)

Japanese insurers made more than $18 billion worth of acquisitions in the U.S. last year, and their spending spree isn’t over yet.

### [Gov’t Considers New Steps to Attract Reinsurance Industry](https://www.caymancompass.com/2016/05/03/govt-considers-new-steps-to-attract-reinsurance-industry/?ref=riskmarketnews.com)

#### [Cayman Compass](https://www.caymancompass.com/2016/05/03/govt-considers-new-steps-to-attract-reinsurance-industry/?ref=riskmarketnews.com)

The assembly voted in favor of a motion to consider giving incentives to reinsurance and hedge fund management businesses and their senior executives.