September 22, 2014

Risk Science: What You Need to Read Today

Signs in Groundwater May Help Predict Earthquakes Six Months in Advance

The Guardian 

Chemical spikes in water due to stress building up in the rocks could hold clues to forecasting tremors, scientists say.

First-Ever Weather Instrument to Dock on International Space Station, May Improve Hurricane Forecasts

Washington Post

The instrument promises to deliver ocean wind data unavailable to scientists through other means.

32 Structures Destroyed in California Wildfire


Light rain and cooler temperatures helped firefighters makes advances Sunday against a huge Northern California wildfire that has destroyed nearly three-dozen structures.

Three Deaths Reported as Tropical Storm Fung-Wong Lashes Taiwan

South China Morning Post (sub may be required)

Tropical storm fails to reach typhoon strength but still packs a punch with gales and torrential rain before heading towards Zhejiang

Hunger, Looting, and Violence Follow Hurricane Odile’s Path Across Baja California


Entire communities in Baja California remained isolated five days after Hurricane Odile swept across the state of Baja California Sur in Mexico, badly damaging roads and ports, and leaving unknown numbers of people without electricity, food, or water.

Risk Business: What You Need to Read Today

Clock is Ticking on Terrorism Insurance

The Hill

Lawmakers are running out of time to extend an insurance program that provides a financial backstop against the threat of a catastrophic terrorist attack.

Axa Joins IFC in Developing Markets Insurance Push

Financial Times

Axa is to partner with the private investment arm of the World Bank in what is set to be the most wide-ranging public-private venture to encourage the uptake of insurance products in the developing world.

Pricing Pressures and Geopolitics to Weigh Heavy on Middle East Reinsurance Business

Gulf News

Strong economic growth and expanding capacity to attract global reinsures to the region.

State-Backed Citizens Insurance May Put Early End to Storm Tax

News of Florida

A 1 percent charge imposed on most homeowners’ policies to help the state-backed Citizens Property Insurance Corp. cover losses from the last of the 2005 hurricanes may come off the books two years early.

AIG Disperses Wintrob’s Responsibilities Among Four Execs

WSJ (sub may be required)

American International Group Inc.AIG -1.94% is losing Jay Wintrob, the long-time head of its life-insurance and retirement-services unit, and it turns out the company is replacing him with four people.

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