Risk Science: What You Need to Read Today
Washington State’s Plan for Megaquake ‘Grossly Inadequate,’ Review Finds
Seattle Times
Researchers have come to believe that an 8.0 to 9.0 magnitude temblor has shaken Oregon and Washington every 230 years or so.
Tropical Storm Seymour Forecast to Become a Hurricane
ABC News
Tropical Storm Seymour is strengthening not far from Mexico’s coast and forecast to become a hurricane on Monday.
In Insurance Big Data Could Lower Rates for Optimistic Tweeters
Reuters
In the future insurance cover could be based on “sentiment analysis”, in which Big Data and artificial intelligence make predictive models ever more accurate.
After El Niño, What Weird Weather Could La Niña Bring?
The Guardian
The strongest El Niño on record is over. La Niña usually follows and can cause its own weather problems. Meteorologists can not yet know how strong La Niña may be
Risk Business: What You Need to Read Today
As Yields Fall, Investors Turn to Alternative Assets
WSJ (sub may be required)
In search of returns, interest grows for hedge funds, real estate, private equity and more.
China Oceanwide Agrees to Buy Genworth for $2.7 Billion Cash
Bloomberg
The offshore company is pledging to help the U.S. firm manage its debt and strengthen life insurance units after it was hurt by higher-than-expected losses tied to long-term care coverage.
Nigeria Eyes $200m Africa Disaster Risk Fund
The Nation
Nigeria is on the verge of joining the African Risk Capacity Agency.
Academic Calls for Natural Disaster Insurance
Jakarta Post
Indonesia’s Financial Services Authority (OJK) “appreciated” the idea but considers it far-fetched.