Natural Disaster and decision that follows Natural disaster risk can be defined as follows: The exposure or the chance of loss (of lives‚ persons injured‚ property damaged and economic activity disrupted) due to a particular hazard for a given area and reference period. 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
Premium Hazard Risk Vulnerability
claims collectively worth $850 million. Although dealing with those claims was difficult‚ even more difficult was Rommel’s later decision to cancel approximately 40‚000 homeowners’ policies. Nationwide received a huge amount of mediaattention as a result‚ almost all negative. In reflecting on the decision‚ Rommel said‚ ―Pulling out was a soundbusiness decision. Was it good for the individual customer? No‚ I can’t say it was. But the rationale wassound.‖Hurricanes aren’t the only weapons
Premium Airline Avianca Delta Air Lines
claims collectively worth $850 million. Although dealing with those claims was difficult‚ even more difficult was Rommel’s later decision to cancel approximately 40‚000 homeowners’ policies. Nationwide received a huge amount of mediaattention as a result‚ almost all negative. In reflecting on the decision‚ Rommel said‚ ―Pulling out was a soundbusiness decision. Was it good for the individual customer? No‚ I can’t say it was. But the rationale wassound.‖Hurricanes aren’t the only weapons
Premium Airline Tropical cyclone Avianca
Contemporary Management Course Case Study # 02 Worksheet NATURAL DISASTERS AND THE DECISIONS THAT FOLLOW Version 1.0: 21 Jun 2013 Presented by: Hossam Bashir I. Problem Definition: * Natural disasters such as hurricane‚ winter snowstorms and summer thunderstorms have many effects on countries’ different industries such as Insurance and Airlines companies. Also‚ how the organizations manage these disasters and the decisions that may follow these disasters have serious effects on customers
Premium Risk management Insurance Emergency management
Natural Disasters With the tropical climate and unstable landforms‚ coupled with high population density‚ poverty‚ illiteracy and lack of adequate infrastructure‚ India is one of the most vulnerable developing countries to suffer very often from various Natural Disasters‚ viz. flood‚ cyclone‚ earthquake‚forest fire‚ drought‚ etc. Asia tops the list of casualties due to natural disasters. Space technology plays a crucial role in efficient mitigation of disasters. Communication satellite provides
Premium Emergency management
as much horror‚ misery‚ helplessness and doom as the term “Natural Disaster”. A natural disaster is any event of force of nature that is caused by environmental factors that has catastrophic consequences. Every year they not only decimate thousands of people and their properties but end entire blood lines. These calamities wreak havoc in the part of the world it chooses to act upon. Over the centuries various types of natural disasters or “Acts of god” have stolen human lives. Several criterions
Premium Volcano Natural disaster Human
Earthquakes Natural disasters‚ such as earthquakes‚ hurricanes and cyclones‚ floods‚ and tornadoes are some of the traumatic experiences that may cause posttraumatic stress disorders. This type of disorders and other disaster related psychological problems are prevalent after natural disasters. As a result it is important to analyse those individuals that develop psychological problems especially to prepare and plan interventions both in the short and long term after disaster (Coşkun‚ Coşkun
Premium Psychological trauma Posttraumatic stress disorder Stress
“"Pulling out was a sound business decision. Was it good for the individual customer? No‚ I can’t say it was. But the rationale was sound." Rommel’s quote about making a ’’sound business decision’’ reveals overconfidence decision-making biases. His decision also discloses an anchoring bias as it looks like that Nationwide did not take into consideration some information that others did. Insurance was not the only affected industry with natural disasters; also Airlines were very affected with
Premium Decision making Critical thinking Decision theory
Natural Disasters We have all seen the awful effects of a flood or an earthquake - if we’re lucky only on the news. About 75 percent of the world’s population live in areas affected at least once by earthquake‚ tropical cyclone‚ flood or drought between 1980 and 2000 (Reducing Disaster Risk UNDP report‚ 2005). What causes natural disasters? First we need to get a bit technical. Natural hazards and natural disasters may sound like the same thing but there is a small but vital
Premium Natural disaster Emergency management Hazard
GO125 Natural disasters eARTHQUAKE‚ TYPHOON‚ AND TORNADO Kenneth W. Lingenfelter Instructor Wael Hassian Park University Internet Campus A course paper presented to the School for Arts and Sciences and Distance Learning in partial fulfillment of the requirements for the degree of Baccalaureate Natural Disasters Park University April 24‚ 2013 Earthquakes‚ typhoons‚ and tornadoes continue to devastate the United States and the entire plant through the activities
Premium Earthquake