Catastrophe Hazard

The risk of loss from a particularly destructive event, such as a hurricane, flood or terrorist attack. Catastrophe hazard represents a particularly large risk to insurers because of the overwhelming number of claims filed at once in the aftermath of a highly destructive event.

To protect themselves against catastrophe hazard, some insurers do not provide coverage against catastrophes. In these cases, people who want insurance against acts of God, war and terror must purchase separate catastrophe insurance policies.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Catastrophe bond — Catastrophe bonds (also known as cat bonds) are risk linked securities that transfer a specified set of risks from a sponsor to investors. They are often structured as floating rate corporate bonds whose principal is forgiven if specified trigger …   Wikipedia

  • Catastrophe Insurance — Insurance to protect businesses and residences against natural disasters such as earthquakes, floods and hurricanes, and against man made disasters such as terrorist attacks. These low probability, high cost events are generally excluded from… …   Investment dictionary

  • Earth impact hazard — ▪ astronomy Introduction  the danger of collision posed by astronomical small bodies whose orbits (orbit) around the Sun carry them near Earth. These objects include the rocky asteroids and their larger fragments and the icy nuclei of comets.… …   Universalium

  • Cresta, Catastrophe Risk Evaluating and Standardizing Target Accumulations — CRESTA (Catastrophe Risk Evaluation and Standardizing Target Accumulations) was founded as a joint project of Swiss Reinsurance Company, Gerling Konzern Globale Reinsurance Company, and Munich Reinsurance Company. CRESTA has set itself the aim of …   Wikipedia

  • Natural hazard — This article is about the natural hazards that may lead to disasters. For natural disasters, see natural disaster. A natural hazard[1] is a threat of a naturally occurring event that will have a negative effect on people or the environment. Many… …   Wikipedia

  • Man-made hazard — A man made hazard is a threat having an element of human intent, negligence, error or involving a failure of a system. Man made disasters are the result of man made hazards for which adequate emergency management measures have not been adopted.… …   Wikipedia

  • Éruption du Nevado del Ruiz en 1985 — 5°02′N 74°53′W / 5.033, 74.883 …   Wikipédia en Français

  • Asteroid-impact avoidance — Planetary defense redirects here. For defending against alien invasion in fiction, see alien invasion. Artist s impression of a major impact event. The collision between Earth and an asteroid a few kilometres in diameter releases as much energy… …   Wikipedia

  • Emergency management — Accident preparedness redirects here. For Safety related articles, see Safety. Disaster preparedness redirects here. For other articles related to disaster preparedness, see Category:Disaster preparedness. Emergency management is the generic name …   Wikipedia

  • Risk Management Solutions — Infobox Company company name = Risk Management Solutions Inc company company slogan = Providing solutions to quantify and manage catastrophe risk. foundation = 1988 location = key people = Hemant H. Shah: President CEO Stephen I. Robertson: CFO… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.