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# November 2, 2016: Munich Re's IoT Hedge, New York's Goes All In on Weather Mesonet, SCOTUS Pushes Back on State Farm's Katrina Case
- URL: https://www.riskmarketnews.com/november-2-2016-munich-res-iot-hedge-new-yorks-goes-weather-mesonet-scotus-pushes-back-state-farms-katrina-case/
- Published: 2016-11-02T06:18:15.000Z
- Updated: 2016-11-02T06:18:15.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Oil Drilling Caused Killer Earthquake in Boomtime California, Scientists Suspect](https://www.theguardian.com/environment/2016/nov/02/oil-drilling-caused-killer-earthquake-in-boomtime-california-scientists-suspect?ref=riskmarketnews.com)

#### [The Guardian](https://www.theguardian.com/environment/2016/nov/02/oil-drilling-caused-killer-earthquake-in-boomtime-california-scientists-suspect?ref=riskmarketnews.com)

Long Beach quake of 1933 in which up to 120 people died is among several possibly linked with early extraction methods

### [Storm Sentinels ](http://www.theverge.com/2016/10/31/13440952/extreme-weather-forecasting-new-york-mesonet-warning-system?ref=riskmarketnews.com)

#### [The Verge](http://www.theverge.com/2016/10/31/13440952/extreme-weather-forecasting-new-york-mesonet-warning-system?ref=riskmarketnews.com)

We’re bad at tracking deadly storms, but New York has a new way to see them coming.

### [High-Res Model Captures Explosive Increase in Hurricane Strength](http://www2.ucar.edu/atmosnews/in-brief/123708/high-res-model-captures-explosive-increase-in-hurricane-strength?ref=riskmarketnews.com)

#### [UCAR](http://www2.ucar.edu/atmosnews/in-brief/123708/high-res-model-captures-explosive-increase-in-hurricane-strength?ref=riskmarketnews.com)

New research using a sophisticated weather model based at the National Center for Atmospheric Research offers some clues about how these forecasts can be improved.

### [Blackrock Is Making Big Data Bigger](http://www.institutionalinvestor.com/article/3598029/asset-management-fixed-income/blackrock-is-making-big-data-bigger.html?ref=riskmarketnews.com#.WBm6JXcUWV4)

#### [Institutional Investor](http://www.institutionalinvestor.com/article/3598029/asset-management-fixed-income/blackrock-is-making-big-data-bigger.html?ref=riskmarketnews.com#.WBm6JXcUWV4)

The world’s largest asset manager is all in on data science.

## Risk Business: What You Need to Read Today

### [U.S. Top Court Skeptical Toward State Farm Hurricane Fraud Appeal](http://www.reuters.com/article/us-usa-court-statefarm-idUSKBN12W4RN?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-usa-court-statefarm-idUSKBN12W4RN?ref=riskmarketnews.com)

The Supreme Court on Tuesday appeared unlikely to throw out a jury verdict against State Farm that found the insurance company defrauded the U.S. government when it assessed damage caused by Hurricane Katrina.

### [Relayr Powers Up $23M Series B for Industrial IoT Sensors](http://www.wsj.com/articles/relayr-powers-up-23m-series-b-for-industrial-iot-sensors-1477999801?ref=riskmarketnews.com)

#### [WSJ (sub may be required)](http://www.wsj.com/articles/relayr-powers-up-23m-series-b-for-industrial-iot-sensors-1477999801?ref=riskmarketnews.com)

IoT sensors can prevent a costly or dangerous breakdown—and do wonders for their insurer’s bottom line prompting Munich Re’s investment.

### [Elliott to Acquire a Controlling Interest in Aeolus](http://www.businesswire.com/news/home/20161101006935/en/Elliott-Acquire-Controlling-Interest-Aeolus?ref=riskmarketnews.com)

#### [Press Release](http://www.businesswire.com/news/home/20161101006935/en/Elliott-Acquire-Controlling-Interest-Aeolus?ref=riskmarketnews.com)

Elliott will acquire a controlling interest in ACM and Peter Appel, founder of ACM and Allied World Assurance Company will each retain significant minority ownership positions.

### [IC Proposes Insurance Pool for Typhoon Victims](http://www.philstar.com/business/2016/11/02/1639437/ic-proposes-insurance-pool-typhoon-victims?ref=riskmarketnews.com)

#### [PhilStar](http://www.philstar.com/business/2016/11/02/1639437/ic-proposes-insurance-pool-typhoon-victims?ref=riskmarketnews.com)

The official urged the Philippine Insurers and Reinsurers Association to establish a pool of insurance companies that would provide affordable property insurance coverage for the new houses turned over to the victims.