May 5, 2016: Paying for and Stopping the Alberta Fire, Trump Cover and Locked and Loaded in LA
Risk Science: What You Need to Read Today
The Insane Challenges of Fighting Alberta’s Inferno
Fighting this fire is especially complicated, because it’s not confined to just a city or wilderness.
New Orleans Pushes to Finish Last Big Storm-Surge Project
Engineering News Record
The $654-million Permanent Canal Closures and Pumps (PCCP) project now is the last major piece of the $14.6-billion storm risk-reduction system in low-lying New Orleans.
San Andreas Fault ‘Locked, Loaded and Ready to Roll’ with Big Earthquake, Expert Says
Sections of the San Andreas fault are far overdue for a big quake.
El Nino Ushers in Queensland’s Quietest Cyclone Season for 45 Years
Three named cyclones, none of which came within cooee of the coast — that’s how Queensland’s cyclone season 2015–2016 will be remembered.
Risk Business: What You Need to Read Today
Insurers Brace for Wave of Damage Claims in Fort McMurray
Globe and Mail
Alberta’s wildfires in Fort McMurray could become one of the country’s costliest natural disasters.
Weaker Investment Income Stings Insurers’ Results
WSJ (sub may be required)
Operating profits decline at MetLife, Prudential, Allstate and Lincoln Financial, while Chubb logs an increase.
Why Cleveland and Philly Might Want “Riot Insurance”
Cleveland is hiring insurance broker Aon Risk Services to find the city a policy, which reportedly could cost as much as $10 million.
Citizens to Stop Insuring Homes Valued at $700,000 and Up
Insurance agents in South Floridea say private carriers are competing to cover homes in higher price ranges in Broward and Palm Beach counties.
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