Catastrophe Term Papers Samples For Students

The concept of disaster bonds: Overview of catastrophe bonds

Capital markets experience a number of risks that cause investors huge sums of cash. Catastrophe bonds (cat bonds) are a form of principal-at-risk debt securities issued by insurance companies to investors that allow direct transfer of low-frequency, high-sensitivity risk to capital markets. Traditionally, debt securities only allowed insurance companies to repay full principal amount upon maturity of the bond. The introduction of catastrophe bonds solved this situation. Upon the occurrence of one or more catastrophe event, the outstanding principal of the insured reduces. Examples of catastrophe events covered by this bond include natural disasters (earthquakes, hurricane), deaths caused by an outbreak ...

Abstract

Mitigation emphases on decreasing damages of life and property while the recovery empowers the community to regain its normalcy and cope with the situation to continue with their lives. From that avowal, it is without a doubt that they are both central and fundamental phases in the management of adversities that might arise. The two play an essential role in helping the society members to respond and bounce back despite the loss of life and damage to properties. An attempt will be made to expound the mitigation and recovery disciplines of the disaster management plan as well as the ...

Abstract

Hurricane Katrina touched ground in Louisiana in August 2005. The resulting lack of coordination in a catastrophe of this size by federal agencies led to large numbers of evaluations, reports, and recommendations for improvement. Particularly under fire was the FEMA organization tasked with management of the disaster operations. The inability to coordinate local, state, and federal resources lead to billions of dollars in waste and additional loss of life secondary to lack of food, water, and shelter. Government policies and restrictions in addition to complicated definitions of responsibility delayed relief for the stricken areas by as much as a ...

The focus on this paper mainly highlights on the field of ethics and moral values in the society we live in. The paper will draw from different incidences in the history of humanity that led to calamities that would have otherwise been avoided through discipline and active carefulness by individuals involved in the incidences. The administration of any organization should always be held responsible for any shortcomings or disasters that occur at the work place due to negligence or assumption. It is their sole responsibility to cover their working staff y properly insuring and assuring their lives.

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Houston Insurance Holdings is a leading specialty insurer based in Texas, USA. However, its scope of operation extends beyond the United States of America and has offices in the United Kingdom, Spain and Ireland. The insurance company underwrites 100 classes of specialty insurance products in 180 countries around the world. The company has five underwriting segments namely: Professional liability, U.S Property Casualty, Accident and Health and U.S Surety and Credit International.
The firm engages in the diverse business portfolio in order to ensure consistent underwriting results irrespective of the market cycles. This has contributed to an impressive performance of ...

Some places in Rwanda are prone to disasters. The most frequent natural disasters are floods and landslides, and both have a tremendous impact on human lives, property, infrastructure and the environment. For example, in May 2016, both disasters hit Gakenke and Muhanga, killing more than forty people. Rubavu and Ngororero were also hit, and seven people died in these places while others were left injured. Parts of Northern Rwanda are most susceptible to these disasters (REMA, 2011, 45). These include Rubavu Districts, Musanze, Nyabihu, and Burera. Although these are natural disasters, their magnitude is determined by a combination of ...

The relationship between the revolution in France and Haiti

The Haitian Revolution resulted from a long fight on the fragment of the slaves in the French colony of St. Domingue, however was also driven by the free Mulattoes who had initially faced the prosecutions of being signified as semi-citizens. The revolution saw slavery to end and resulted to the establishment of the republic of Haiti. The colony of Saint-Domingue, geologically roughly the identical land mass that is currently Haiti was the lushest colony in the West Indies and perhaps the richest in the history of the globe. Driven by slave effort and enabled by rich soil and model climate, ...