Risk Science: What You Need to Read Today
Wildfires Tear Across Israel, Netanyahu Calls Arsonists ‘Terrorists’
Reuters
Internal Security Minister Gilad Erdan referred to “arson terrorism” and said there had been a small number of arrests.
Lloyds Builds on Met Office Extreme Weather Event Research
Met Office
Lloyd’s has published a new study that supports the case that extreme weather events can be modelled as “independent” by global reinsurers when assessing many of their key aggregate risks around the world.
7-magnitude Quake Strikes Near El Salvador as Hurricane Otto Makes Landfall
The Guardian
Shallow quake briefly sparks tsunami alert for coastal areas as tremors rock region already hit by hurricane Otto.
Mega-Earthquakes Occur In Regions Where Faults Are Flat
International Business Times
The geometry of faults at subduction zones plays a key role in determining the intensity of earthquakes, a new study has revealed.
Risk Business: What You Need to Read Today
London Set to Take a Slice of Catastrophe Bonds Market
Telegraph
The UK staked its claim to the burgeoning catastrophe bonds market with new rules allowing them to be sold from here for the first time.
As Haifa Burns, Insurers Refrain From Selling Policies
Daily Haaretz
Homeowners scramble to buy coverage as flames spread across Israel.
Perils of Climate Change Could Swamp Coastal Real Estate
New York Times
Homeowners are slowly growing wary of buying property in the areas most at risk, setting up a potential economic time bomb in an industry that is struggling to adapt.
Hedge Fund Hidden in Biggest Norway Life Insurer Shorting Euro
Bloomberg
KLP Kapitalforvaltning AS is shorting the euro against the pound and also betting Europe’s single currency will fall against the Norwegian krone and the Swedish krona.
