September 21, 2016: How Extraordinary is Extraordinary Re, No Satellites/No Models and Retro Is Reinsurers' Achilles Heel

Chris Westfall
Chris Westfall

Risk Science: What You Need to Read Today

Satellites are the Backbone of Weather Forecasts. Congress Must Vote to Support Them.

Washington Post

Today’s weather forecast models rely on satellite data more than any other weather observation.

Inside the 10-Year, $1 Billion Battle for the Next Critical Antibiotic


After a 30-year drought, Big Pharma is out to get the superbugs before the superbugs get us. The clock is ticking.

Hurricanes, Storm Surges and Icebergs: How Warmer Seas Are Changing Our Planet

Science Daily

Severe hurricanes, storm surges and an increase in the number of icebergs are just some of the changes planet Earth has experienced due to warming oceans over the last 20 years, according to a new report.

Typhoon Leaves at Least 36 Injured

Japan Today

NHK said at least 36 people were injured, and officials issued evacuation advisories that affected about 620,000 people.

Risk Business: What You Need to Read Today

Insurance Liabilities Could Be the Next Big Thing for Investors

Institutional Investor

Start up Extraordinary Re is brining some much needed change to the insurance industry by  securitizing underserved risks.

Lemonade Starts Insurance Sales in N.Y. a Year After Founding

Bloomberg Technology

New York is one of the largest U.S. markets for property-casualty insurance.

Here’s How Global Warming Could Trigger the Next Financial Crisis


New research argues  reinsurers often don’t know how much risk or what kinds of risks other insurers or reinsurers are taking on.

BOE Warns Insurers to Stop Cutting Prices to Win More Business

Bloomberg Markets

The London insurance market should not keep cutting prices to secure business because low interest rates mean investment earnings can no longer cushion poor underwriting.