Thanks impart to Karen Clark who introduced a new way of dealing with catastrophic event, people were able to make close logical estimation of the magnitude of losses faced by insurers. Most notably, Clark was able to predict loses by “gathering very long-term historical data on hurricanes [and] combining those record with new data on property exposures [such as property] zip code, engineering reports, local building codes (p.6)” to model loses and profitability of catastrophic event. By doing so, she was able to lay a fundamental foundation of catastrophic risk modeling that various financial and insurance institutions heavily rely up on to some degree to this day.
This study tests the efficient market theory by measuring the effects of Hurricane Katrina, one of the most deadly and destructive natural disasters to occur in the United States, on stock prices in insurance industry. It hypothesizes that insurance providers who offer services in the areas affected by Hurricane Katrina should incur a loss in the market-price of their stock following the natural disaster. This event study analyzed fifteen publicly-traded major insurance providers and the risk-adjusted rate of return on their stock before and after the date of dissipation of the hurricane, observed as August 30th, 2005. Results show stock returns, although
Adams and Kostel, the authors, discuss the causes of the disasters and ways to minimize the effects of these type of disasters. The authors use physical data to help readers visualize the..causes..In...text..it..states,.“Total losses exceeded $150 billion.” The authors use monetary data to show the devastating effects of the hurricane.
On the morning of August 29, 2005, New Orleans, Louisiana became the site of one of the worst natural disasters in United States history – Hurricane Katrina. Ranked as the single most costly natural disaster and one of the five deadliest hurricanes in the United States, Hurricane Katrina was certainly not an average storm. The hurricane itself did not appear to be extremely abnormal, as Atlantic hurricanes of similar or greater magnitudes have made landfall in the gulf coast over the last 50 years (Keller, 329). However, none of them caused nearly as much damage and death as Hurricane Katrina. With monetary damages of over $125 billion and 1,833 fatalities, it is clear that the
To answer your question regarding Amanda Anderson, an Exempt employee and wwheter if she need to request a PTO for 3/24/2017 if she works over half of her shift
Physical challenges are no excuse for sixteen year old Michelle Cross. Michelle, born with cerebral palsy, pushes through any limited balance and movement that comes along with her condition. She participates on her schools cross country and track teams. Michelle hardly complains about her condition and stands out as a determined runner who never gives up, no matter what is in her
And finally, there is the issue of staff mismanagement. The supervisor, Keith Frazier, is only checking in with this department one to two times per week. Mr. Frazier is aware that Pat is making international phone calls. He is also aware that Pauline found a way for Pat to make these calls from the building’s elevator once he had the phone system modified to only allow internal calls. Mr. Frazier has also been fielding complaints from the accountants about not receiving their tax schedules in a timely fashion. However, he has failed to confront either of these issues. This lack of management can be attributed to the following:
Karen Norman attempted to back her car up to turn around and she accidentally backed down a boat ramp into the water in Galveston Bay. Her passenger, Josel Woods, was not wearing a seat belt and was able to get out of the car by crawling out the passenger side window. As Woods was swimming toward the ramp she heard Karen yell twice for helping, stating that she could not get out of her seatbelt. Karen was found several hours later deceased in the back seat with blood-alcohol content of 0.17. Karen’s 1991 Honda Civic was equipped with an automatic seatbelt that was mechanically drawn up over the shoulder when the door was closed, fastening itself with no action by the occupant. The seatbelt was attached to a mouse that ran along a rail
The reporting party (RP) disclosed she is the cousin of resident Lisa Perez DOB: 8/1964. The RP stated she resides in the state of Virginia and communicates with the resident nightly via cell phone. The RP stated Lisa was informed she was not allowed to have her personal phone; however her family insisted she have access to her private phone.
This case study is about older women named J.G. She is an 86 year old woman who lives in an old-fashioned village. Her daughter visited J.G weekly, and made sure to keet her fridge full. Everything was perfectly fine until her daughter went to see family in the U.K and left her , with her husband in charge. When she returned, upon weighing her, they realized she had lost 4.3 kg in 3 months, stating that she 'forgets to eat' or 'could not be bothered'. They gave J.G a Mini-Nutritional Assessment which she received a score of 9 on, indicating risk of malnutrition. Her balance was poor. J.G's has had breast cancer, a urinary tract infections, and a history of previous cardiovascular accidents.
As many of you already know, Patricia Klosik from Medical Records Department is retiring next month. After more than thirty years of faithful service to Memorial Hospital.
Hurricanes are some of the costliest and most dangerous events that happen in our world. Many historical hurricanes like Harvey, Katrina, Sandy have killed hundreds of people and cost billions of dollars to repair the damages. But many reform bills and agencies throughout the years have either improved humanitarian conditions or became under tremendous scrutiny by the public for its lack of assistance. In addition, there have been many technological advances made to help people prepare before and after the storm. Hurricanes have altered many people’s lives in one way or another and have caused people to always be prepared for potential impact.
If you have answered ‘yes’ to any of the above, Katie Roberts is here to help.
A model that can equivocally lay down the range of ambiguity in its inputs, this can handle more accurate and more enlightening estimates than deterministic calculations. Influence diagrams are advantageous tools in mapping out the conclusions, occasions, and variables that can affect potential consequences of decisions and circumstances. In this study, we can use a software tool, so as to offer assistance in modeling a diagram that will represents the interrelationships amongst approximately 58 variables that include figures for wind, wave action, rain, engineering, geology, demographics and the potential for undesirable consequences of hurricanes and overflows in the New Orleans area. At the utmost level, we can use NOLA Flood Control Risk Analysis System in which will have two major locational sub-models that are: Mississippi River flood and natural disaster analysis that was observed after Hurricane Katrina. (Model X) And Lake Pontchartrain flood regularity modeling (Model Y), plus other additional sub-models that can be incorporated to land use and mitigation possibilities and demographic and consequence estimations for the New Orleans area. The sub-models aggregate the frequencies expected of floods with their severities also and present their expected costs as a task of their moderation
Cathy Fink- after spending more time than I probably should have, I was able to track-down the original source of her money. (I didn’t see anything about this in Rick Jacob’s RE record).
ITHACA (WENY) - A local Ithaca high school student is spending her summer shooting for the stars...literally. Isabel Dawson is working with Cornell University to get her awarded winning spacecraft design into space.