September 1, 2016: Debating Storm Tracks, Amtrak Pulls Sandy Insurance Win and Hermine Ready for Landfall
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September 1, 2016: Debating Storm Tracks, Amtrak Pulls Sandy Insurance Win and Hermine Ready for Landfall

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.

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