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
Risk Science: What You Need to Read Today
Oil Drilling Caused Killer Earthquake in Boomtime California, Scientists Suspect
Long Beach quake of 1933 in which up to 120 people died is among several possibly linked with early extraction methods
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
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
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
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
WSJ (sub may be required)
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
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
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.
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