Risk Science: What You Need to Read Today
Climate Change ‘Tug of War’ Keeps Scientists Guessing On Storm Tracks
Phys.org
Scientists are currently unable to satisfactorily project the response of storm tracks to anthropogenic climate change.
Tropical Storm Hermine in Gulf Expected to Be Hurricane at Landfall
NOLA
The center of Hermine should be near Florida’s Gulf Coast on Thursday night or early Friday.
One Hurricane Is Rare In Hawaii, And The State Might See Two This Week
FiveThirtyEight
Hawaii faces a rare threat this week, and a possible preview of climate change.
Italy Appoints Reconstruction Czar After Earthquake
WSJ (sub may be required)
Team chosen to lead the rebuilding of quake-devastated towns of Amatrice, Accumoli and Arquata del Tronto.
Risk Business: What You Need to Read Today
2 Foreign Reinsurance Firms Get Preliminary OK to Set Up Chinese Offices
Caxin
PartnerRe and the Korean Reinsurance Company have cleared the first hurdle.
Amtrak Gets Partial Victory in U.S. Appeal over Sandy Insurance
Reuters
The railroad said its insurers agreed to pay up to $675 million per covered occurrence but have only paid $30 million.
EU Policymakers Clash Over Valuing Insurers’ Liabilities
Reuters
Cutting the rate would force insurers to hold more capital as they could not discount liabilities to the same extent as now.
Agents Ask State to Investigate Insurer After Commissions Slashed
Sun Sentinel
American Citizens reducing agents’ commissions below the 7.4 percent rate that Citizens originally paid on the policies would violate contractual terms of the takeouts.
