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
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Hurricane Katrina Rhondalyn N. Fluellen SCI 362 June 29, 2011 University of Phoenix Shelby Frutchey Hurricane Katrina On August 29, 2005, one of the worst storms in history made landfall in the United States’ southern region. This massive storm’s name is Hurricane Katrina. It destroyed southern states such as Louisiana, Mississippi, and Alabama. This storm affected the lives of people from all over the United States. Several individuals went without living in their homes, clothing, water
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Angela Cole HIST101 American History to 1877 Prof. Traci Sumner 13 November 2011 Cole 2 Just about everyone is familiar with the Declaration of Independence. The Declaration of Independence was signed on July 4, 1776. The Declaration of Independence gave thirteen colonies freedom from England's laws. We as Americans celebrate this day every year, and July 4th is known as Independence Day. The purpose of the document was to announce the colonies' independence to the world and list the reasons
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for winter for food, or humans traveling the world for a better life than before, motion is a healthy part of nature. The conditions left by Hurricane Katrina made living within Louisiana impossible, so many left-some remained away from their homeland, although other migrants came back to the boot state after much needed repairs to the country. Hurricane Katrina being the cause of migration from the southeastern section of the United States to nearby places, such as Houston, Texas, was obvious as the
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The catastrophe that occurred in August 28 2005, on the Louisiana coastline known as Hurricane Katrina made the nation realize the challenges we can face in emergencies across the nation. The focus of this essay will be on the parameters and limitations due to chaos and ineffective local authorities. When the reconstruction of society, the community, and the enforcement of law became the main effort after the crisis, the challenges became evident across the nation that many agencies needed to be
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Monday morning, 29 August 2005, this is a day most New Orleans residents will never forget. This was the day a category 5 hurricane named Katrina made its catastrophic debut to the Gulf Coast region and killed over 1,300 people. (The White House, 2006, p. 1) After it was all said and done, the nation was shocked at the events that unfolded in Alabama, Louisiana and Mississippi and people were left wondering, “What went wrong?” National Geographic reported that the storm originated about a week
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Hurricane Katrina changed the way United States viewed floodplain management and flood risk management. The Great Mississippi River Flood of 1993 produced the highest economic damages of the century, killing over 130 people, costing over $20 billion dollars in flood damages. Hurricane Katrina caused over a million people to lose homes, jobs, and took over 1300 lives. It has been estimated the restoration of the communities and some level of flood protections will exceed over $100 billion dollars
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Enron, Hurricane Katrina Examples of Leadership Gone Wrong Poor crisis leadership was on display after Hurricane Katrina and during the financial crisis The New Orleans masses who huddled in the Superdome after Hurricane Katrina, the Enron retirees who lost their life savings, and the laid-off workers buried under the economic ruin of financial companies all live with a simple truth. Just as spectacularly as great leadership can spark success, failed leadership can bring down cities, businesses
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and Columbus Streets in New Orleans collapsed as Hurricane Isaac hit the area on Wednesday [pic] [pic] Cats and dogs in cages are loaded into a van for the journey south to Texas. The rescue operation was put in place after a 'massive public outcry' following Hurricane Katrina in 2005 [pic] The bewildered face on this dog gives some clue as to the fearful devastation around him. Some 730,000 homes have been left without power since Hurricane Isaac struck on Tuesday [pic] A cat peers out from
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light of short- term demands.”64 Major Hurricanes of the scale of Katrina do not happen frequently so society tends to neglect and take no action. In doing so, they will unknowingly contribute to the severity of the consequences from the next hurricane strikes. Long term safety must take precedence and needs to “place the protection of public safety, health and welfare at the forefront of the nation’s priorities.” 65 What any city can learn from Hurrican Katrina is that each city needs to develop a
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