Risk Science: What You Need to Read Today
Wildfire Rages Through Canadian City, Forcing Mass Evacuation
Reuters
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
Washington Post
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
UPI
A new study suggests the southeastern United States will be seismically active for some time.
Car Crashes: Predicting High Risk Locations
Science Daily
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
Fortune
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
Reuters Regulatory Intelligence
Insurance, ILS and post-event “contagion” risk make the list.
Japan-to-U.S. Insurance M&A Wave Not Over Yet, Bankers Say
Bloomberg
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
Cayman Compass
The assembly voted in favor of a motion to consider giving incentives to reinsurance and hedge fund management businesses and their senior executives.
