Manmade Disasters and Insurance Coverage

The subject of insurance and how heavily the government can mandate it or not mandate it is a constant struggle in politics. There is always the question of “what kind of relationship should the government have with its people and what role should it play with businesses?” Currently, a popular subject is the Affordable Care Act (Obamacare) and it is challenging the boundaries by requiring people to have health insurance and requiring businesses to offer health insurance to everyone and anyone. Mandating insurance is a hot button subject in other areas too that we will discuss like auto insurance, workers’ compensation insurance, and professional malpractice insurance.

These opposite goals thus result in the polarization between insurance companies and their clients, which has in turn lead to monumental costs for both sick and injured Americans as well as insurance companies. Even more so, these opposite goals result in a drastic percentage of Americans who are left insured. With the 45 million Americans as of 2005 who live in the country uninsured, the United States is the only developed nation that still does not have a universal health care policy (Clemmit 1). This statistic demonstrates the sheer quantity of people that need healthcare in America, as well as the urgent need to support these people.

The billion-dollar industry, should be insurance ran by the government or by private entrepreneurs? Should insurance throughout America be mandatory? Equally important, if it is mandatory, is it taking away the rights of a citizen? These are the billion-dollar questions every American should ponder upon. Basically, insurance specifies to an understanding among two or more gatherings to share, circulate, or exchange a sort of chance, such as the chance as the death toll or harm to possessions. In swap for an expense, the insurer assures to recompense the insured body in the occurrence of a tragic accident. Indemnity businesses offer typical or traditional plans to secure homes, automobiles, cargo, and other types of belongings. The constant

We don’t have just a single body which takes charge of healthiness in this country. Both physicians as well as insurance firms get a ridiculous amount of incomes from consumers. The government control to some extend through the financing of Medicare and Medicaid but relies on the private sector for the provision of services (Shi, L., & Singh, 2010).All arguments on finding solutions to insurance problems enthuses unlimited urge. Problems like making health care facilities accessible, organizing coverage’s, and to rein in expenditure by federal, organizations, and individual entities repeatedly stands out.

The year 2017 has seen a plethora of deadly disasters. Disasters, natural or man-made, are extremely disturbing events that cause hardship, suffering, injury, and death. A disaster can be detrimental to human societies and their way of life. Natural disasters, such as hurricanes, mudslides, and wild fires can cause everlasting changes to humanity, biomes, and the planet. Likewise, man-made events, such as war, terrorist attacks, or toxic spills can be just as damaging. One job of the Secretary General of the United Nations (UN) is to insure that humanitarian aid is provided to relieve the pain and suffering caused by all types of disasters. In addition, saving lives by utilizing our resources is the main goal of the UN. Norman Borlag once stated, “The destiny of world civilization depends upon providing a decent standard of living for all mankind.” Therefore, the issues that will be addressed using the $50,000,000 plus anonymous contribution will involve providing humanitarian aid to disaster torn areas in order improve the standard of living and preserve human dignity. This is the most important dilemma facing the international community today.

How did the Federal Emergency Management Agency (FEMA), the New Jersey emergency agencies and private insurance companies work together or did they? to help victims of the horrific winds and water associated with Hurricane Sandy? This paper delves into that issue.

Nobody knows when floods happen. These are natural disasters that can just strike when we least expect it. We may live in deserts or atop a mountain and still experience flooding.

The program made it affordable for anyone to live in areas that are deservedly uninsurable without government support. Climate change is no longer just a theory. According to the consulting firm AECOM, the rise in sea levels could increase flood hazard areas along the coast by 55% in the next century. Despite this problem, coastal populations have increased by 40% since 1970, the result is that 40% of the US population lives in a county with a coastline.3 Decades of low premiums have given few incentives for property owners to take preventative actions and will cost taxpayers billions more when another disaster occurs. Coastal development is still on the rise and people seem ignorant to the growing risk floods and the detriment that their

Our technological advances led to something that not many were thinking about pollution and the effects that would occur in the future years to come. The military with their jets and tanks and bullets and such; it all came to matter. There are many that would blame the natural disasters on the way we, as a world population, live our lives and contribute to the demise of the earth as we do. I can believe some of that having been in the military for over 18 years, but not sure I can stand here and say that is the only reason for some many disasters like hurricanes and tornados. Three major events took place in the 1960’s, though, that would cause President John F. Kennedy to creating the Office of Emergency Preparedness in the White House in order to handle to growing threat of natural disasters. (“Introduction to,”

The concern of natural disasters is very restricted. People that don't face these issues are not aware of what is going on or they are and just do not care because it does not have a impact on them. Since I was a child I’ve always noticed that somewhere in the world that people mostly people of color is suffering. This would mainly be they are facing some kind of hardship in they life and they cant seek help.

Throughout human history there have been many disasters that have plagued humanity. These disasters have caused an untold amount of damages and an untold number of lives lost. Each disaster is different from each other and each can leave their own impact on human civilization. Many of these disasters are of the nature variety, these typically include your hurricanes, tornados, tsunamis, and many others that can impact humanity. We can’t control these types of disasters, any many of them can strike at any time with little to no warning. The best that we can do is learn from them and our past mistakes, in order to prepare for the next time one of these types of disasters strikes an area. There is, however another type of disaster that plagues mankind, and that is called man-made disasters. One of the biggest man-made disasters to have occurred in more recent time, was the “Event Horizon” disaster or as it is better known as the BP oil spill in the Gulf of Mexico. This was one the worst because millions upon millions of barrels of crude oil spilled into the Gulf of Mexico, which not only damages the surrounding waters, but also killed marine life, destroyed many fishing businesses’ around the Gulf, and in some cases destroyed the tourism around the gulf as well. In order to get a better understanding of why this event was important we need to look at what caused the event to happen in the first place, could have anything been done to prevent it from happening in the first

Many have argued any public option using the government’s power to negotiate would be unfair competition and ultimately put the private insurers out of business, which is true in theory. The government gas significant control over the cost of provider services and like what happens with

Both excerpts provide thorough descriptions on the causes and effects of disasters. The excerpt from “Super Natural Disasters of the 21st Century” demonstrates three massive natural disasters that recently occurred and the devastation that developed as a result. Similarly, the excerpt from “The Perfect Storm” combines factual information with a personal anecdote on the experience of an intensive storm. Although both authors provide causes and effects on natural disasters, they use juxtaposed strategies and techniques in order to support their claim.

Devin, I agree that depending on the amount of damage to personal property and cars the demand for flood insurance will increase. Flood insurance is not covered under the normal homeowner's insurance so consumers have to pay extra for a different policy. Consumers with a higher income are more willing to purchase flood insurance to recover their belongings from a disaster than consumers with lower incomes (Ren & Wang, 2016). The price for insurance continues to rise and many consumers don’t purchase extra insurance unless there is a need. The law of demand states that quantity demanded goes up when the price falls (Thomas & Maurice, 2010). However, there are factors that impact demand that is not price. The demand for flood insurance will

Millions of people are affected by natural disasters every year, and their impact can be catastrophic. From the destruction of buildings to the spread of disease, natural disasters can devastate entire countries overnight. Tsunamis, earthquakes and typhoons do not just wreak havoc on land; they also disrupt people's lives in both densely populated cities and remote villages. The definition of natural disasters is any catastrophic event that is caused by nature or the natural processes of the earth. Earthquakes, floods, hurricanes and volcano eruptions are all types of natural hazards, but when do they become natural disasters? The severity of a disaster is measured in lives lost, economic loss, and the ability of the population to rebuild. Events that occur in unpopulated areas are not considered disasters. People living in poverty are even more vulnerable to natural disasters because they have fewer resources or people to turn to when trying to rebuild their homes and livelihoods. So a flood on an uninhabited island would not count as a disaster, but a flood in a populated area is called a natural disaster. All natural disasters cause loss in some way. Depending on the severity, lives can be lost in any number of disasters. Falling buildings or trees, freezing to death, being washed away, or heat stroke are just some of the deadly effects. Some disasters cause more loss of life than others, and population density affects the death count as well. Natural disasters fall into three broad groups. 1. Those caused by movements of the Earth. These occur with the minimum amount of warning and include earthquakes, volcanic eruptions and tsunamis. They are difficult to predict and impossible to stop. All that can be done is to take appropriate action to limit damage and loss of life after they occur. 2. Weather related disasters. These will include hurricanes, tornadoes, extreme heat and extreme cold weather. There will usually be some degree of advanced warning, but since weather is unpredictable, nothing can be done to stop these disasters from developing once the weather system develops. Again, in areas prone to this sort of disaster, some provision can be made