October 24, 2016: Washington State Megaquake Warning, Genworth's China Solution and Setting Rates With Sentiment Analysis

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


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


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.

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