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# October 31, 2016: Italy Quake Risk Intensifies, Managing Catastrophe Fund Investment and Hurricane Forecasting Since Sandy
- URL: https://www.riskmarketnews.com/october-31-2016-italy-quake-risk-intensifies-managing-catastrophe-fund-investment-hurricane-forecasting-since-sandy/
- Published: 2016-10-31T07:32:49.000Z
- Updated: 2016-10-31T07:32:49.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Powerful Earthquake Hits an Already Rattled Italy](http://www.nytimes.com/2016/10/31/world/europe/italy-earthquake-norcia.html?%5Fr=0&ref=riskmarketnews.com)

#### [New York Times](http://www.nytimes.com/2016/10/31/world/europe/italy-earthquake-norcia.html?%5Fr=0&ref=riskmarketnews.com)

An earthquake, believed to be the strongest to hit Italy since 1980, struck the center of the country on Sunday.

### [Prone to Earthquakes and Volcano Eruptions, Should Italy Prepare for ‘The Big One’?](http://www.thedailybeast.com/articles/2016/10/30/prone-to-earthquakes-and-volcano-eruptions-should-italy-prepare-for-the-big-one.html?ref=riskmarketnews.com)

#### [Daily Beast](http://www.thedailybeast.com/articles/2016/10/30/prone-to-earthquakes-and-volcano-eruptions-should-italy-prepare-for-the-big-one.html?ref=riskmarketnews.com)

A series of devastating earthquakes have killed hundreds and destroyed scores of towns and villages. But it may only get worse.

### [Hurricane Coming? You’d Better Believe It This Time](https://www.theguardian.com/science/2016/oct/29/weather-forecast-hurricane-sandy?ref=riskmarketnews.com)

#### [The Guardian](https://www.theguardian.com/science/2016/oct/29/weather-forecast-hurricane-sandy?ref=riskmarketnews.com)

Thanks to computing power, forecasters can track events such as Hurricane Sandy with pinpoint accuracy.

### [6 Ways New York City is Preparing for the Next Superstorm Sandy](http://www.businessinsider.com/new-york-city-preparing-storms-2016-10/?ref=riskmarketnews.com#the-new-york-city-panel-on-climate-change-has-brought-together-leading-scientists-to-assess-risks-and-make-projections-1)

#### [Business Insider](http://www.businessinsider.com/new-york-city-preparing-storms-2016-10/?ref=riskmarketnews.com#the-new-york-city-panel-on-climate-change-has-brought-together-leading-scientists-to-assess-risks-and-make-projections-1)

Damage caused by future storms will be exacerbated by sea level rise — estimates suggest that by 2050, Sandy-sized storms could flood nearly 25% of New York City.

## Risk Business: What You Need to Read Today

### [Managing for Short and Long Horizons](http://www.pionline.com/article/20161031/PRINT/310319997/managing-for-short-and-long-horizons?ref=riskmarketnews.com)

#### [Pensions & Investments](http://www.pionline.com/article/20161031/PRINT/310319997/managing-for-short-and-long-horizons?ref=riskmarketnews.com)

Last year a leader that oversees the Florida Hurricane Catastrophe Fund challenged the hurricane fund’s conservative allocation and low return.

### [Inga Beale of Lloyd’s: Brexit means “very, very difficult times ahead”](http://www.afr.com/business/insurance/inga-beale-of-lloyds-brexit-means-very-very-difficult-times-ahead-20161029-gsdudo?ref=riskmarketnews.com)

#### [Australian Financial Review](http://www.afr.com/business/insurance/inga-beale-of-lloyds-brexit-means-very-very-difficult-times-ahead-20161029-gsdudo?ref=riskmarketnews.com)

Business is not going to hang around waiting for the \[UK\] government to spell out what their vision is for their negotiating position.

### [President of Lloyd’s Japan Talks About Solutions for Specialist Business Risks](https://www.japantoday.com/category/executive-impact/view/president-of-lloyds-japan-talks-about-solutions-for-specialist-business-risks?ref=riskmarketnews.com)

#### [Japan Today](https://www.japantoday.com/category/executive-impact/view/president-of-lloyds-japan-talks-about-solutions-for-specialist-business-risks?ref=riskmarketnews.com)

Iain Ferguson argues the insurance industry emerged from the financial crisis relatively unscathed, change is still afoot in the industry, not least for Japanese firms.

### [Blockchain is Empowering the Future of Insurance](https://techcrunch.com/2016/10/29/blockchain-is-empowering-the-future-of-insurance/?ref=riskmarketnews.com)

#### [TechCrunch](https://techcrunch.com/2016/10/29/blockchain-is-empowering-the-future-of-insurance/?ref=riskmarketnews.com)

The embers of innovation are beginning to char the massive $1.2 trillion underbelly of the largest industry in the world.