GGR378H5 Lecture Notes - Lecture 11: Reinsurance, National Flood Insurance Program, Avalanche
Document Summary
Hydrometeorological hazards: natural processes of atmospheric, hydrological, or oceanographic nature leading to loss of life or injury, property damage, socioeconomic disruption, environmental degradation. Droughts, heat waves, cold waves (snow avalanches) If global temperatures rise moisture + energy in ocean-atmosphere system will increase. Heat + moisture drives storm systems: not all extreme weather events are related to climate change, but , warmer climate increase in frequency and intensity of electrical storms, storm surges, floods, hurricanes, cyclones, tornadoes, droughts, fires. Immediate health effects: increased risk of injury, illness, stress-related disorders, and death. Destroyed or contaminated food and water supplies. Mental health impacts, including stress and depression from financial losses, injuries. Based on health canada extreme weather events and natural disasters . Insurance 101 : coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril. Indemnify: to secure against future loss, damage, or liability.
