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# September 2, 2016: Trading On Hurricanes For Fun and Profit, Insuring Rockets for a Loss and Two Quakes for the Price of One
- URL: https://www.riskmarketnews.com/september-2-2016-trading-hurricanes-fun-profit-insuring-rockets-loss-two-quakes-price-one/
- Published: 2016-09-02T07:41:46.000Z
- Updated: 2016-09-02T07:41:46.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Hermine Is 1st Hurricane to Make Landfall in Florida Since 2005](http://www.bloomberg.com/news/articles/2016-09-01/hermine-set-to-be-first-florida-hurricane-strike-since-2005?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-09-01/hermine-set-to-be-first-florida-hurricane-strike-since-2005?ref=riskmarketnews.com)

“Bottom line is that there will be some flooding along the path of the storm that will cause damage.”

### [Putting Shots in the Locker](http://www.economist.com/news/science-and-technology/21706240-how-anticipate-epidemics-putting-shots-locker?ref=riskmarketnews.com)

#### [The Economist](http://www.economist.com/news/science-and-technology/21706240-how-anticipate-epidemics-putting-shots-locker?ref=riskmarketnews.com)

How to anticipate epidemics.

### [The Science Behind Hawaii’s Double Hurricane](http://www.smithsonianmag.com/smart-news/science-behind-hawaiis-double-hurricane-180960310/?ref=riskmarketnews.com)

#### [Smithsonian](http://www.smithsonianmag.com/smart-news/science-behind-hawaiis-double-hurricane-180960310/?ref=riskmarketnews.com)

Having two cyclones in the ocean is not rare, but when they get too close to each other things can get crazy.

### [Big Shake Was Complex and May Have Been Two Earthquakes](http://www.stuff.co.nz/national/83827254/big-shake-was-complex-and-may-have-been-two-earthquakes?ref=riskmarketnews.com)

#### [NZ Stuff](http://www.stuff.co.nz/national/83827254/big-shake-was-complex-and-may-have-been-two-earthquakes?ref=riskmarketnews.com)

Scientists are investigating the possibility Friday’s big shake off the East Cape of New Zealand may have been two earthquakes.

## Risk Business: What You Need to Read Today

### [The Wall Street Guide to Making Money on Hurricane Season](http://finance.yahoo.com/news/wall-street-guide-making-money-000000995.html?ref=riskmarketnews.com)

#### [Yahoo Finance](http://finance.yahoo.com/news/wall-street-guide-making-money-000000995.html?ref=riskmarketnews.com)

As the Atlantic hurricane season comes to its peak, Barclays’ Jay Gelb believes traders can make some money trading the insurers.

### [Citizens ‘Takeout’ Focus Shifts to Riskier Coastal Properties](http://www.sun-sentinel.com/business/consumer/fl-citizens-takeouts-20160901-story.html?ref=riskmarketnews.com)

#### [Sun Sentinel ](http://www.sun-sentinel.com/business/consumer/fl-citizens-takeouts-20160901-story.html?ref=riskmarketnews.com)

Efforts to shrink state-run Citizens continue, even though the state-run “insurer of last resort” is about one-third as large as it was in 2012.

### [When a Commercial Rocket Blows Up, Who Pays?](http://www.bloomberg.com/news/articles/2016-09-02/when-a-commercial-rocket-blows-up-who-pays?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-09-02/when-a-commercial-rocket-blows-up-who-pays?ref=riskmarketnews.com)

The latest SpaceX disaster shows how insurers take a big risk covering pricey payloads perched on top of a bomb.

### [The FT’s City List: Inga Beale](https://www.ft.com/content/abbe7cde-6b82-11e6-ae5b-a7cc5dd5a28c?ref=riskmarketnews.com)

#### [FT (sub may be required)](https://www.ft.com/content/abbe7cde-6b82-11e6-ae5b-a7cc5dd5a28c?ref=riskmarketnews.com)

As CEO of Lloyd’s of London, Inga Beale has focused on modernising the 328-year-old institution, embracing technology and diluting its traditional boys’ club culture.