Catastrophic risks and mitigation measures around the world
- UNCW Author/Contributor (non-UNCW co-authors, if there are any, appear on document)
- Darren R. Prevatte (Creator)
- Institution
- The University of North Carolina Wilmington (UNCW )
- Web Site: http://library.uncw.edu/
- Advisor
- Edward Graham
Abstract: Much attention is being paid to the topic of natural disasters with recent floods in Iowa,
the deadly Sichuan Earthquake in China, and the horrendous Cyclone Nargis in Myanmar. This
study takes a look at emergency responses to natural disasters around the world and their
financial impacts on the affected economies. I focus on previous studies which bring to the
forefront the need for a restructuring of the insurance industry to better mitigate for and
minimize catastrophic losses from major natural disasters. These studies are reviewed and
compiled in order to uncover the most costeffective
and efficient ways to reduce catastrophic
losses.
This study intends to explore the facts of five recent catastrophic events which include
the disastrous Hurricane Katrina in 2005 that devastated New Orleans, the 2008 Cyclone Nargis
in Myanmar, the 2008 Sichuan Earthquake in China, the Indonesian tsunami in 2004, and the
2008 Iowa/Midwest floods. These five disasters will be examined to reveal differences in
preparation and responses by all parties involved. The purpose of this study is to demonstrate
the need for government policies and strategies, as well as revamped mitigation measures around
the world, to better cope with natural disasters. A comparison of the governmental failures in the
disasters of Hurricane Katrina in the United States and Cyclone Nargis in Maynamar with the
successes in governmental responses to the recent Iowa floods and the Sichuan Earthquake in
China will be presented to provide case studies for review.
Catastrophic risks and mitigation measures around the world
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Created on 1/1/2009
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Additional Information
- Publication
- Thesis
- A Thesis Submitted to the University of North Carolina Wilmington in Partial Fulfillment of the Requirements for the Degree of Masters of Business Administration
- Language: English
- Date: 2009
- Keywords
- Natural disasters--Economic aspects, Natural disasters--Government policy, Communication in organizations, Natural disasters--Finance, Natural disasters--Planning
- Subjects
- Communication in organizations
- Natural disasters -- Economic aspects
- Natural disasters -- Planning
- Natural disasters -- Finance
- Natural disasters -- Government policy