November 17, 2016: Oklahoma Has Fewer But Stronger Quakes, New York Pushes Underwriting Change and China Schools Trump on Climate

Chris Westfall
Chris Westfall

Risk Science: What You Need to Read Today

Oklahoma Earthquake Tally to Hit About 600


Oklahoma may end the year with as many as 600 earthquakes, about a third fewer than last year, but the magnitude of the tremors continues to grow.

China Tells Trump That Climate Change Is No Hoax It Invented


China couldn’t have invented global warming as a hoax to harm U.S. competitiveness because it was the U.S. that started climate negotiations, China’s Foreign Minister said.

New UW–Madison Project Funded by NOAA Could Improve Weather Forecasting

University of Wisconsin News

The instrument, called Atmospheric Emitted Radiance Interferometer, measures temperature, water vapor and trace gases in the lowest layer of Earth’s atmosphere.

NASA to Launch Satellite-Based GNSS Hurricane Watch

Inside GNSS

Mission scientists will use data collected to calculate surface wind speeds, providing a better picture of a storm’s strength and intensity, and storm surge.

Risk Business: What You Need to Read Today

Car Insurance Firms Could Be Banned From Asking What You Do for a Living

Wall Street Journal (sub may be required)

The move has reopened a long debate about what data should be used in setting rates and what should be prohibited even if it is effective at identifying risks.

Why Greco Is Confident About Hitting Zurich Targets

Bloomberg (Video)

Zurich Insurance Group AG will cut costs by $1.5 billion from 2015 through 2019 as Chief Executive Officer Mario Greco overhauls Switzerland’s largest insurer.

Storms Cause $70m Damage on Top of Earthquake Costs

The Australian

Losses from wild storms last Friday are escalating quickly at a time local insurance companies with businesses in New Zealand brace for a deluge of claims after an earthquake.

Insurers Claim Capital Rules Are Harming Customers

Financial Times (sub may be required)

Industry body says regulation has reduced choice in the annuity market.