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# September 22, 2016: Blocking and Swapping Catastrophes, Models Going Rogue and Lloyd's Reveals Plan B
- URL: https://www.riskmarketnews.com/september-22-2016-blocking-swapping-catastrophes-models-going-rouge-lloyds-reveals-plan-b/
- Published: 2016-09-22T10:36:30.000Z
- Updated: 2016-09-22T10:37:37.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Models ‘Totally Failed’ on Tropical Depression Karl, Storm Specialist Says](http://www.sun-sentinel.com/news/weather/hurricane/fl-tropics-wednesday-karl-20160921-story.html?ref=riskmarketnews.com)

#### [Sun Sentinel ](http://www.sun-sentinel.com/news/weather/hurricane/fl-tropics-wednesday-karl-20160921-story.html?ref=riskmarketnews.com)

“Global models have totally failed so far in forecasting the upper-level winds surrounding Karl.”

### [At the Height of Hurricane Season, the Tropical Atlantic Ocean is Sleepy](https://www.washingtonpost.com/news/capital-weather-gang/wp/2016/09/21/at-the-height-of-hurricane-season-the-tropical-atlantic-ocean-is-sleepy/?ref=riskmarketnews.com)

#### [Washington Post](https://www.washingtonpost.com/news/capital-weather-gang/wp/2016/09/21/at-the-height-of-hurricane-season-the-tropical-atlantic-ocean-is-sleepy/?ref=riskmarketnews.com)

The tropical Atlantic Ocean, usually buzzing with storms at this point in September, looks more like it should in June, when hurricane season is just starting.

### [Rogue Algorithms’ and the Dark Side of Big Data](http://knowledge.wharton.upenn.edu/article/rogue-algorithms-dark-side-big-data/?ref=riskmarketnews.com)

#### [Knowledge@Wharton](http://knowledge.wharton.upenn.edu/article/rogue-algorithms-dark-side-big-data/?ref=riskmarketnews.com)

Mathematical models are supposed to be neutral, But former Wall Street quant Cathy O’Neil believes that they are quite the opposite.

### [Efforts to Stop or Disrupt Hurricanes](http://www.floridatoday.com/story/weather/2016/09/21/weather-wise-efforts-stop-disrupt-hurricanes/90769166/?ref=riskmarketnews.com)

#### [Florida Today](http://www.floridatoday.com/story/weather/2016/09/21/weather-wise-efforts-stop-disrupt-hurricanes/90769166/?ref=riskmarketnews.com)

The National Hurricane Center has thought about ways that man could impact tropical cyclones, according to their website.

## Risk Business: What You Need to Read Today

### [India’s Biggest IPO in Six Years Shows That Its Insurance Industry is Poised for a Take-Off](http://qz.com/787009/icici-prudential-indias-biggest-ipo-in-six-years-shows-that-its-insurance-industry-is-poised-for-a-take-off/?ref=riskmarketnews.com)

#### [Quartz](http://qz.com/787009/icici-prudential-indias-biggest-ipo-in-six-years-shows-that-its-insurance-industry-is-poised-for-a-take-off/?ref=riskmarketnews.com)

The IPO’s success and the HDFC-Max merger clearly indicate a change in the industry, with firms scrambling to grab segments of the uninsured population.

### [Lloyd’s of London Considers Setting Up EU Subsidiary](http://www.bbc.com/news/business-37437732?ref=riskmarketnews.com)

#### [BBC](http://www.bbc.com/news/business-37437732?ref=riskmarketnews.com)

Insurance market Lloyd’s of London is working on “contingency plans” to ensure it can trade across Europe when the UK leaves the EU.

### [Symbiont Showcases Blockchain Catastrophe Swaps to Insurance Execs](http://www.coindesk.com/symbiont-blockchain-catastrophe-swaps/?ref=riskmarketnews.com)

#### [CoinDesk](http://www.coindesk.com/symbiont-blockchain-catastrophe-swaps/?ref=riskmarketnews.com)

The next time a tornado obliterates large swaths of land and property, Symbiont’s newly unveiled catastrophe swaps blockchain platform could help speed up how quickly the victims get paid out.

### [Increasing Interest in Using Malta for Securitisation Transactions](http://www.hedgeweek.com/2016/09/22/243942/increasing-interest-using-malta-securitisation-transactions?ref=riskmarketnews.com)

#### [Hedgeweek](http://www.hedgeweek.com/2016/09/22/243942/increasing-interest-using-malta-securitisation-transactions?ref=riskmarketnews.com)

The Securitisation Cell Companies framework can be adopted for the structuring of reinsurance special purpose vehicles.