We beg them to take one step backward, and to transport themselves, the morning of that day of great catastrophes
, into the showy, gilded salon we have before shown them, and which was the pride of its owner, Baron Danglars.
As you looked round upon the many-coloured beauty of the scene all thought of a vast catastrophe would have passed from your mind had it not been for one sinister sign--the solemn, all-embracing silence.
At the same time," said Challenger, his great voice booming strangely amid the silence, "it is difficult for us to conceive that out of seven millions of people there is only this one old woman who by some peculiarity of constitution or some accident of occupation has managed to survive this catastrophe.
predicts some approaching catastrophes
arising out of this scandalous increase of population.
Furthermore, insurers can minimize the impact on the current underwriting workflow by capturing the data required for sound catastrophe
risk management as part of the replacement-cost estimation process.
Moreover, the fund's existence also provided national catastrophe
risk management to household, Small and Medium Enterprises (SMEs), including industrial sectors, by facilitating them to access catastrophe
insurance policies which offer coverage against damages from the 3 catastrophes
; flood, earthquake and windstorm at appropriate insurance premium rates set between 0.
The addition of several new perils and enhanced technology are among improvements modelers have made to catastrophe
models following the past two years' hurricane seasons.
First, we provide evidence of whether state-specific catastrophe
contracts based on PCS losses would likely be effective in hedging insurer underwriting risk.
As this process has unfolded, insurers have moved from using catastrophe
models primarily for portfolio-based applications--estimating probable maximum loss in the event of a catastrophe
by creating a large set of storms laid over a portfolio of business--to implementing these models in individual risk underwriting decisions.
While they are only tools and not the sole risk management mechanisms available to companies, catastrophe
models, in A.
To fulfill such intentions would mean perhaps an even greater geopolitical catastrophe
The market for catastrophe
bonds, as discussed in our 2002 report, has transferred a small portion of natural catastrophe
risk to the capital markets.
Andrew's losses will be spread literally around the world through the widespread use of catastrophe
reinsurance and retrocession coverages, the reinsurance of reinsurance.
In addition to the range of insurance coverages available, ACE offers access to specialized catastrophe
readiness and response services through ESIS Catastrophe
There's a lack of capacity in the treaty marketplace and as a result, facultative reinsurance has become a vehicle for some companies to place some of their exposures and off-load some of their risk," said Tom Stone, who specializes in catastrophe
risk management for Ernst & Young's Insurance and Actuarial Services.