September 29, 2014

Risk Science: What You Need to Read Today

Offshore Wind Turbines Could Tame Hurricane

WSJ (subscription may be required)

Arrays of offshore wind turbines might have cut Sandy’s peak winds in the New York area by two-thirds.

Southern Peru hit by Deadly Earthquake

Al Jazeera

Shallow 5.1 magnitude quake in village near Cuzco kills at least eight people and leaves more than 500 people homeless.

Volcanologists: With Few Telltale Signs, Mt. Ontakesan’s Eruption Hard to Predict

Asahi Simbun

Many of these volcano geologists say it was a phreatic eruption, a type providing few signs before the upheaval.

More Than 700 Earthquakes Swarm Mammoth Lakes: Map Tells the Story

LA Times

Mammoth Lakes continued to rumble Sunday with small earthquakes, but the swarm that has produced more than 700 temblors in the last four days appears to be bottoming out.

Hurricane Effect: A Big Case of ‘Burping’ Estuaries

Charlotte Observer

Beyond the regular dangers that come with big seasonal storms, a new threat has emerged: “burping estuaries.”

Risk Business: What You Need to Read Today

Deaths Mount From Japan Eruption as Volcano Smolders On


Six employees of Tokyo-based insurer Sompo Japan Nipponkoa Holdings Inc. are missing as well as three from Nissay Asset Management Corp.

Tide of Cheap Capital Lowers Cost of Terrorism Insurance

Financial Times (subscription may be required)

Terrorism insurance rates are languishing at low levels and look set to stay there, despite recent events in the Middle East and elsewhere.

Mexican Insurers Estimate Damage from Hurricane Odile at $224 M

Fox News Latino

Hurricane Odile caused an 3 billion pesos ($224 million) in damage when it slammed into the western state of Baja California Sur last week, Mexico’s AMIS insurers association said.

AIG Still Battling Over 2008 Bailout


Every time American International Group seems to have put its massive 2008 taxpayer bailout in the rearview mirror, Maurice “Hank” Greenberg shows up looking to re-litigate the past.

Munich Re Targets New Insurance Niche with Hong Kong Regional Base

South China Morning Post

Insurer sets up new regional underwriting operation as it shifts focus to underserved markets such as natural disasters.

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