Insurance companies depend on reinsurance to get through catastrophic events such as Hurricanes Katrina and Rita.
The objective was to examine how quickly ecosystems and civilizations are able to recover from catastrophic events.
Just as boom and bust cycles are inevitable so too are catastrophic events.
There are also bonds that include risk from earthquakes and other potentially catastrophic events (including terrorist attacks, in some instances).
Sure, many companies that offer short-term engagements offer health plans, but they are generally only useful for certain kinds of catastrophic events.
Given these statistics, are our employers and communities leveraging technology advances in the best way to protect our lives and property during catastrophic events?
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And one of the things that we know in these catastrophic events is things don't play out the way you expect them to do.
Lazetta Rainey Braxton says grandparents can make the mistake of not planning to cover the expenses of catastrophic events, such as significant medical and long-term care costs.
Communication breakdowns between emergency responders can be paralyzing during catastrophic events--like Hurricane Katrina last fall on the Gulf Coast and the Sept. 11, 2001 terrorist attacks in New York City.
During that post-Katrina period, he became familiar with the concept of federal bailouts when he made the argument for federal funds to help insurance companies shoulder the costs of catastrophic events.
Insurance is supposed to protect you against catastrophic events.
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We have already acknowledged that Katrina revealed problems in national response capabilities, stretching back more than a decade, and demonstrated the need for more comprehensive federal, state, and local planning for catastrophic events.
On the most important issue, it is too early to tell whether Fukushima and Chernobyl are more alike than they are different: Will the circumstances that allowed these catastrophic events to happen, be changed?
Historical data on catastrophic events are understandably rare.
While it's exciting to work beside world-class scientists such as ice-sheet climatologist Jason Box, glaciologist Alun Hubbard and geophysicist Richard Bates, it's equally disheartening to be here bearing witness to the catastrophic events they record.
The biggest problem, adds Mr Stern, is that markets find it hard to insure against rare, unpredictable but catastrophic events such as an explosion in a pipeline or a terrorist attack or the fire that shut down Rough.
Earlier today President Obama participated in the 2012 National Level Exercise (NLE), sponsored by the Federal Emergency Management Agency (FEMA) as a part of its mandate to regularly test and evaluate our ability to respond to and recover from catastrophic events.
Berkley said industry risk models have all but abandoned the once common indicator known as "Absolute Maximum Loss, " preferring to base premiums on the more conservative "Probable Maximum Loss" calculation, which lowers damage estimates by factoring in long odds of catastrophic events.
Also, and I hesitate to say this at such an early stage of the relief effort here, but the authorities in India at least, and some other countries in the region, have become quite good at dealing with severe flooding, or earthquakes, catastrophic events on a tsunami scale, if you will.
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This differs from migration caused by catastrophic environmental events such as hurricanes and earthquakes.
During this time period investors have experienced not one, not two, not three but rather a multitude of catastrophic economic events that have eroded the trust of the general investment public to a point where the boogie man is standing around every corner awaiting his opportunity to eat them.
While contractual agreements between individuals and third party payers may be advisable to insure against catastrophic health events, it is important to realize that the ubiquity of the third party payer paradigm for ordinary healthcare arose not from the free market, but in response to government-imposed wage freezes enacted during World War II.
For many years, there was a debate about what health insurance should be a means of ensuring that a person can get care when he or she needs it, a cocoon that protects a person from any accountability for his or her health care decisions, or a backstop in the event of catastrophic health events.
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Did it, for instance, have secret conversations with Thailand, advocating the devaluation that instantly set off the catastrophic chain of events?
These will be spread like wild-fires by frequent climate change-induced weather events of catastrophic proportions.
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Mr Geithner understands better than almost anyone that in crises you throw out the forecast and focus on avoiding low probability events with catastrophic consequences.
But we can afford reasonable risk management: insuring against the truly catastrophic, low-probability events that hopefully never afflict us.
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Outside the far Left, commentators from all major newspapers, radio and television stations have variously characterized the US response to events in Egypt as irrational, irresponsible, catastrophic, stupid, blind, treacherous, and terrifying.
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