...Effect of hurricane katrina on insurance industry stock prices Abstract 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 dropping slightly after Hurricane Katrina, not having any measurable negative effect as a result of the storm. These results support the efficient market theory, as the insurance industry did not have any adverse effect from the devastation of Hurricane Katrina, allowing for no opportunity for abnormal return or avoidance of a loss. Appropriate statistical tests for significance conducted in this study show that Hurricane Katrina had no significant impact on the risk adjusted rate of return on selected insurance industry stock prices over the event study period. INTRODUCTION AND BACKGROUND Natural disasters have an opportunity to affect the stock market, but how soon subsequently to such events does the market react? Is it possible to avoid...
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...that a business is successful, while bringing a welcome addition to the local economy and culture. Kava is located in the South Pacific; this location is excellent for agriculture and tourism. The issues any businesses expecting to develop and become successful have to identify on Kava are natural disasters, such as tsunami, floods, typhoons, and volcano eruptions. Others are terrorism and health issues such as HIV and avian flu. These issues are all factors when developing mission goals, human resources, building permanent structures and developing a business plan for the new operation. Along with natural and man-made disasters the understanding of local customs and cultures and positive interaction with the government are also of importance. Any decisions made entails taking into account all of the above issues. Natural disasters affect the importing and exporting of goods that a business manufactures or buys to build or make their products. These disasters also affect timelines due to work stoppage, the need for solid foundations when building a permanent structure is important. Identifying safe areas in which to build these structures ensure it is safe from most of the natural disasters. Location also is important for workers who must travel to work. Is the location in an area that is safe, secure, and still within the local community. Building strong working relationships with the local...
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...Read December 6, 2013 Philippines and Natural Disaster Policy In 2021 the Philippines moved from 14th on the UN’s Global Climate Risk Index to 7th. In 2012, the country was among the top three countries affected by natural disasters. The December 2012 storm alone displaced over 6.2 million people and caused nearly $1.7 million in damages. Through proactive legislation and policies, the Philippines has managed to sustain the lowest loss of the top ten countries in GDP at only .29%. The most influential policy regulating natural disaster response is the Republican Act 10121 (Disaster Risk Reduction and Management/DRRM Act). Preceding the DRRM Act, Presidential Decree 1566 established disaster coordinating councils that established links to government and civic organizations in order to mobilize resources to provide support during disasters. The National Disaster Coordinating Council or NDCC makes policies and coordinate efforts regarding disasters throughout the public and private sectors. Along with policies, laws and regulations have been implemented to curb death and property damage during natural disasters. These most effective include (Asian Disaster Reduction Center): * The Subdivision Law, which regulates land developments for housing and commercial use; * The Building Code, which prescribes all pertinent requirements and standards for building structures; * The Environmental Policy Law, which protects natural endowments that serve as protection from...
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...do we need to transport it? How to reduce emissions? Look at the life-cycle assessment process. Eutrophication: when the fertilizers uses to make plants grow fasters go into the waters and go into the rivers and lake, then make the algae bigger which provokes a lack of oxygen and the death of many species. Energy options: when having wind turbine, it’s going to have a energy consumption to build the infrastructure but after it will work by it’s own. The 1% is the energy to check sometimes the turbines. Whereas coal industry needs a lot of energy to function. Here we are looking at the share not the amount of energy input in each. Renewable energy: it is present on the planet, it replenish itself throw a natural cycle (like water cycle). Passive heating: natural way to catch light and heat. The bottom line used to be profit. Now it’s still the case but by generating wealth. The down jones created an indicator that allows people to see the market is globally evolving. In the same way, we create indicators to measure pollution of the air. We can compare information based on time or space. Causal loops: see the specific cause producing that specific effect. A causal loops is when a cause effect model is reproducing again and again increasing consequences. Thresholds is the state, the determined level when smoke is so heavy in the air that it triggers the fire alarm. Millenium Development Goals (MDG) ended in 2015 by setting up new objectives. The goals...
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...used to describe the science—and art—of identifying, observing, and measuring an object without coming into direct contact with it. It involves the detection and measurement of radiation of different wavelengths reflected or emitted from distant objects or materials, by which they may be identified and categorized by class/type, substance, and spatial distributions. There are various types of satellites being used for earth observation. It varies from the area that is being seen to the frequency of observations. One type used in disaster management would be polar-orbiting satellites that aviate in low-set ambit, but provide high spatial resolution. Infrared sensors would pick up floods, thermal sensors would spot the fires that are active, and microwave sensors are used to measure earth’s deformations before and during earthquakes or volcanic eruptions. The major disaster in the developing world would be the drought in Africa. This kind of disaster along with many others starts slowly and may be predicted in advance. “The cause of droughts in the U.S. is the disposition winds from the west. A ridge which is caused by a jet stream making a big northern bend going over the central part of the woodlands with lesser meridional curves on specific side above the east and west coast states. A large anticyclone forms below the ridge and begins to rotate. This pattern is very stable and is called an omega block, after the Greek letter omega. It can remain in place for the entire...
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...Natural Disaster Natural disaster is the consequence when a natural hazard (e.g., volcanic eruption or earthquake or hurricanes ) affects humans. Human vulnerability, caused by the lack of appropriate emergency management, leads to financial, environmental, or human impact. The term natural has consequently been disputed because the events simply are not hazards or disasters without human involvement. Justification of the problem : The resulting loss depends on the capacity of the population to support or resist the disaster: their resilience. This understanding is concentrated in the formulation: "disasters occur when hazards meet vulnerability". A natural hazard will hence never result in a natural disaster in areas without vulnerability, e.g., strong earthquakes in uninhabited areas. List of Alternatives : 1. The disaster affected population actively participate in the assessment , design , implementation , monitoring and evaluating of the assistance program 2. We hold ourselves accountable to both those we seek to assist and those from whom we accept resources 3. Request implementing organizations to ensure , to the greatest possible to extend , adequate involvement of beneficiaries in the design , implementation , monitoring and evaluation of humanitarian response Evaluate Alternatives: First alternative :each CEO or the responsible of taking the decision must be careful of the decision which he takes to avoid any...
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...Case study no.2 Natural disasters A-Problem definition In case of a disaster event, there are several effects, such as humanitarian effects, including the loss of lives and persons injured; ecological effects among other damage to ecosystems; and economic effects, comprising different effects on the economy. National disaster effects can be caused by the disaster itself or by follow on directly or indirectly. B-Justification of the problem Natural disasters have severe effects on different industries, if the decisions taken after the occurrence of the disasters were not based on appropriate study for the results that may occur, this may lead to huge losses for the industry and for the whole country. 1-Lake of planning Lake of knowledge and how to predict the occurrence of natural disasters is a main reason of the problem. 2-Insurance companies making as much insurance policies as they can although they don’t know if they can satisfy the customer needs or not. 3-Decision makers don’t have the good argument to convince customers or community by their decisions C-List of alternatives 1. Awareness 2. Planning and prevention Measures to eliminate or reduce the incidence or severity of emergencies. Actions taken in anticipation of, during, and immediately after an emergency to ensure that its effects are minimized, and that people affected are given immediate relief and support. 3. Response Process of supporting emergency-affected communities in reconstruction...
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...company receiving certain supplies from all over the world, it is very possible that due to measures beyond the hospital corporations control or the supplying company that delivery of supplies could be delayed due to inclement weather, natural or manmade disasters. This in turn could have a substantial impact to the quality of care provided and received. In addition, the hospital corporation is also a key component to several ongoing research projects for treatment, cures and vaccinations for various diseases and infections, all of which rely on the supplies provided by other research facilities or specialty supplies provided by specific supply companies who could be impacted by these potential disasters, which would debilitate and prolong the success of the research projects effected. Risk Source (A2) The source for the first risk identified would be nothing more than age and continual use. The boiler at the Disaster Recovery site is the original boiler for the building which is approximately 50 years old, and even though the boiler has been provided annual maintenance, the fact the boiler has been actively in use for the past 50 years, the likely hood of its demise is absolutely imminent and a very real threat to the continual success of the Disaster Recovery site. With regard to the communication lines at the corporate facility, and the second risk identified. Currently there is construction of a major bypass...
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...Decisions in Paradise, Part 1 Brandy N. Salyer MGT/350 February 13, 2012 Mark Hudson Decisions in Paradise, Part 1 Kava is an island country in South Pacific that has been plagued with unfortunate circumstances that have brought about one disaster after another. This country is in dire need of some help and aid in the situation of getting the country cleaned up and on its way to recovery. My job is to create a plan that would help Kava recover from the disaster and bring some economic stability to the country with the help of the Walmart Corporation. Some issues that will need to be taken into consideration is that over 50% of the people are under 15 years old and many of the natural disasters threats that the area faces. The company will need make sure that the mix of language and ethnicity is also taken into consideration. Walmart is about saving people money so that they can live better and that is what Walmart is going to bring to Kava. Walmart as a company is dedicated to helping the community and would help Kava try to recover from all the disasters they have gone through. Today, Walmart International is a fast-growing part of Walmart's overall operations, with 5,366 stores and approximately 740,000 associates in 27 countries outside the continental U.S. (Walmart Corporate, 2012). Walmart is looking to make Kava another part of its international business but there are many obstacles that the company needs to do before opening its doors in Kava. At Walmart, we...
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...CIS 502 Critical Infrastructure Protection Click Link Below To Buy: http://hwaid.com/shop/cis-502-critical-infrastructure-protection/ Due Week 6 and worth 50 points Critical Infrastructure Protection (CIP) is an important cybersecurity initiative that requires careful planning and coordination in protecting our infrastructure. The following documents titled, “National Infrastructure Protection Plan”, and “Critical Infrastructure Protection”, may be used to complete the assignment. Write a three to five (3-5) page paper in which you: 1. Examine the Department of Homeland Security’s : a. mission b. operations c. responsibilities 2. Explain what Critical Infrastructure Protection (CIP) initiatives are, what are protected, and the methods used to protect our assets. 3. Describe the vulnerabilities IS professionals need to be concerned with when protecting the U.S.’s critical infrastructure. 4. Evaluate the effectiveness of IS professionals in regard to protecting the U.S.’s critical infrastructure. 5. Suggest three (3) methods to improve the protection of our critical infrastructure and justify each suggestion. 6. Use at least three (3) quality resources outside of the suggested resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources. Your assignment must follow these formatting requirements: • Be typed, double spaced, using Times...
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...8. Summary and conclusion Disasters can be natural such as landslides, earthquakes, floods, road and rail accidents and outbreak of disease. They can be manmade also like chemical, biological and nuclear attacks. In both situations significant social, environmental and economical impactwould occur. Casualties following disasters, and major accidents could escalate very rapidly if necessary preventive methods are not followed. Since such events are sudden and rapid, it is very difficult or may not be possible to mobilise the exposed casualties for medical treatment by trained personnel. With rapid and appropriate intervention, high morbidity and mortality resulting from communicable diseases can be avoided. Autoinjector with an antibacterial...
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...The natural disasters have been regularly taking toll on the people and the resources of Bangladesh. Natural disaster causes inexpressible damage to lives, properties, livestock, life support systems and infrastructures. The coast of Bangladesh is known as a zone of multiple vulnerabilities as well as opportunities. It is prone to severe natural disasters such as cyclones, storm surges, floods, erosion, soil salinity etc. In combination with other natural hazards various forms of man made pollution made the coastal dwellers very vulnerable and ultimately slowed down their socio-economic development. This study will seek to analyze the vulnerabilities and risk of coastal water and suggest adopting appropriate measures for mitigation and management of coastal environmental pollution to the extent of generating environmental awareness among people. The coastal region gets polluted as the pollutants are carried through different rivers and canals to the sea. Water channels are used for dumping industrial wastes that ultimately end up in the sea. There is no facility for waste treatment in densely populated urban areas. As a result, water pollution is increasing. About three thousand ships including oil tankers come to our ports every year. There are several thousand mechanized trawlers and boats that spill oil. Sea is also polluted by oil spill because of accidents in ships. The authority fails to check pollution as they have no receiving or collecting vessels to face the emergency...
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...Systematically analyse the impacts of external factors on organisational decision making Decision making is a broad term that applies to the process of making a choice between options as to course of action (Smith et al., 2005). There are many factors that are involved in decision making of any organisation especially in health and social care organisation. Following are the external factors that are affecting the decision making of health and social care organisation. (Blog NHS Website, 2005). 1. Legislation: There are many set of rules and regulations defined by the government and health and social care sector is bound to obey these rules and regulations Such as “The Mental Capacity Act 2005”, The Access to Medical Reports Act 1988, Blood Safety and Quality Legislation, The Census (Confidentiality) Act 1991, The Children Act 2004, The Civil Contingencies Act 2004, The Civil Evidence Act 1995, Commission Directive 2003/63/EC (brought into UK law by inclusion in the Medicines for Human Use (Fees and Miscellaneous Amendments) Regulations 2003), The Computer Misuse Act 1990, The Congenital Disabilities (Civil Liability) Act 1976, The Consumer Protection Act (CPA) 1987, The Control of Substances Hazardous to Health (COSHH), Regulations 2002, The Copyright, Designs and Patents Act 1990, The Crime and Disorder Act 1998, The Criminal Appeal Act 1995, The Data Protection Act (DPA) 1998, The Data Protection (Processing of Sensitive Personal Data) Order 2000, The Disclosure of...
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...Group B: Social Media’s Role in Disaster Preparedness Social Media presence in this day and age is viral. The media not only covers so called everyday matters but also focuses on world events. Some of the most horrific and widely covered events are disasters. During times of disaster, our populations turn to some form of mass media for information. Few have not used the Internet during severe weather to check for warnings? Few have not turned on the television to check for the last developments or for directions on how to respond appropriately to a disaster? According to Veenema (2013) when asked where people usually turn to for information in the case of a local emergency, in 2007, 61% of respondents named TV; 29%, radio; 6%, the Internet; 2%, newspapers; 1% did not know. This presents the question, what is the role of mass media in the time of natural disasters? Mass media’s presence during disaster can expose a community’s strengths or weaknesses related to disaster preparedness. Media agenda is referred to as the deliberate coverage of topics or events with the goal of influencing public opinion and public policy (Barnes, et al., 2008). In the case of Hurricane Katrina, the gulf coast appeared to be in a panic. The media repeatedly highlighted the flaws in local, state, and federal emergency preparedness procedures. One should note that during this same time, there were many courageous and dangerous rescues made, all of which seemed to be over looked or over...
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...company receiving certain supplies from all over the world, it is very possible that due to measures beyond the hospital corporations control or the supplying company that delivery of supplies could be delayed due to inclement weather, natural or manmade disasters. This in turn could have a substantial impact to the quality of care provided and received. In addition, the hospital corporation is also a key component to several ongoing research projects for treatment, cures and vaccinations for various diseases and infections, all of which rely on the supplies provided by other research facilities or specialty supplies provided by specific supply companies who could be impacted by these potential disasters, which would debilitate and prolong the success of the research projects effected. Risk Source (A2) The source for the first risk identified would be nothing more than age and continual use. The boiler at the Disaster Recovery site is the original boiler for the building which is approximately 50 years old, and even though the boiler has been provided annual maintenance, the fact the boiler has been actively in use for the past 50 years, the likely hood of its demise is absolutely imminent and a very real threat to the continual success of the Disaster Recovery site. With regard to the communication lines at the corporate facility, and the second risk identified. Currently there is construction of a major bypass that...
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