Dealing With Disaster
- Topics:
- Disaster Planning and Management
- Tags:
- Disaster,
- Finance,
- Financial Accounting,
- Investment
- Source:
- Public Entity Risk Institute
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Overview: "By definition, disasters, and (even more so)catastrophic disasters, are highly scale dependent. The severity of impact is relative to the totality at risk. A flash flood or tornado is often a highly localized disaster, perhaps, completely destroying everything in its path. For those individuals or businesses, it may be catastrophic, yet its overall effects on the city or county in which they reside may not be significant. In preparing for disasters, we are essentially trying to manage our exposure to the unanticipated consequences that disasters pose. We attempt to build resiliency into our existing systems (i.e. physical, social, or economic) so we can sustain the potential consequences. Traditionally, individuals, businesses, and institutions have bought into resilience through the pooling of risk, which comes largely in two forms: private insurance and federal disaster financing programs. The details of how to deal with disasters can be found in this article. "
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Format: PDF | Size: 1,300KB | Date: Oct 1999 | Pages: 41
